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BJGL.OB

Started by lovinlife, April 19, 2008, 12:06:53 PM

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lovinlife

BJGL has been cruising under the radar and is as undervalued as any OTCBB as I have ever seen.  The 2007 10K was filed on Tuesday and a PR on the financials on Wednesday after the bell.  Seems to me there is a lot of room for growth here.

Beijing Logistic, Inc. Announces Strong Year-End 2007 Financial Results
Wednesday April 16, 4:30 pm ET  
http://biz.yahoo.com/bw/080416/20080416006075.html?.v=1

-- 2007 Revenues Increased 51.8% to $85.9 million
-- 2007 Net Income Increased 41.7% to $13.5 million
-- 2007 EPS reached $0.14 per diluted share



Actual 10 K
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=5864723&companyid=729572&ppu=%252fdefault.aspx%253fcik%253d1383852


2007 Full Year Highlights

Net revenues for the full year 2007 increased 51.8% to $85.9 million compared to $56.6 million for the full year 2006:

The major contribution of this growth was the expansion of our books logistics business. In 2007, revenues from books and magazines logistics management increased 66.8% from 2006, to approximately $51.9 million USD.

In addition, the revenues from the agricultural products and traditional medicine business segments also increased 34.4% and 38.5%, reaching $19.6 million USD and $13.9 million USD, respectively from 2006 to 2007.

Gross profit for 2007 was $20.16 million USD, or 23.47% of net sales, as compared $14.15 million USD, or 25% of net sales in 2006:

Gross Profit increased approximately $6.01 million USD due to higher revenues, however, gross margin decreased 1.53% due to the following: relatively higher increase of our cost of revenues: $64,186,115 USD in fiscal 2007 (or 74.7% of net revenues), an increase of $22,917,948 USD (or approximately 55.5%) over the cost of revenues in fiscal 2006; higher salaries and benefits; higher fuel costs, and professional fees related to going public in the United States.

Full year 2007 net income was $13.5 million USD, an increase of approximately $3.9 million USD, or 41.7%, from the full year 2006.

Working capital was $11,552,857 USD as of December 31, 2007.

Cash and cash equivalents were $13,755,350 USD as of December 31, 2007, and current assets totaled $15,027,321 USD as of December 31, 2007. Total current liabilities were $3,474,464 USD as of December 31, 2007. During 2007, the Company generated $15.6 million USD in cash from operations, an increase of approximately $4.8 million USD over the 2006 level, which reflected the increase in revenue in 2007.

lovinlife

hard to believe that a new topic is posted on a company with 85 million in revenues and a EPS of .14 that is trading at .59 and out of 17 reads not one person has a single comment. 


buddjas1


lovinlife

I can certaily understand that...

There is not a lot of hype going around on BJGL and I personally believe that will be a big plus in the long run.  the ones that spike usually drop just as fast.  I hope to see slow steady increases on BJGL for weeks to come.  Time will tell and thanks for the reply...I was beginning to think that no one was out there

lovinlife

BJGL saw record volume today.  Somebody liked those .55's all day long :o