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Gerald Allaye-Chan Migao Corp. MGO-T TOP PICK May 29, 2009

Specialty potash/fertilizer products company that is based out of China. Have 4 facilities in China now with three facilities under construction. Trading at about 8.5X earnings. Debt-free. Excellent play on both agricultural markets and the growing China market.

Gerald Allaye-Chan

Owned

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$8.080

Stock price when the opinion was issued

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BUY

Fertilizer company in China. Thinks there is great opportunity for them. Stock ranks in the top 5% of his database. Earnings expected to grow slightly to $1.10 in 2010 and 15% to $1.27 in 2011. This is against a 6 PE. Looking to expand outside of China.

BUY

Potash play in China. Quite cheap on a PE multiple basis. Better growth opportunities than Potash (POT-T) because they are expanding their production plant. Not a mining company but is a producer and processor. Also a foreign currency play.

PAST TOP PICK

(A Top Pick Jan 26/09. Up 19.44%.) Slipped back in the ranks because of concerns of the overall fertilizer space.

PAST TOP PICK

(A Top Pick Jan 5/09. Up 7.1%.) Has been a disappointment. Had a nice rally from the time it was a top pick.

PAST TOP PICK

(Top Pick Feb 25’09, Up 18.5%) It is a way to own what will be the strongest currency in the world. Believes food is a theme that will be going on. Does not own other major potash stocks.

WAIT

Likes the company. Recent fund raising is for production increases coming in 12-18 months. They are a China play. Good management team and great facilities. It’s going to do very, very well. It’s on his radar.

BUY

Growing at 14-15% per year. High quality cash flowing company.

BUY

Canadian fertilizer company operating in Chinese. Likes management and their operations. Priced pretty well at 8X or 9X earnings. Had a big setback in 08 but has come back quite strongly.

COMMENT

Chinese fertilizer play. Potash distributor in China. Have been expanding their capacity. Bad news – see Sino forest. Cheap play on fertilizer. Continually pay a margin. An interesting name here. He has seen the facilities in China. Pretty well run operation.

DON'T BUY

(Market Call Minute) Recommended buy, but now he would not touch it.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Gerald Allaye-Chan Migao Corp. MGO-T TOP PICK May 29, 2009

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