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AMERICAN LORAIN CORP (ALN) [hlAlert]

Rating:
Buy ALN
down 46.78 %

AMERICAN LORAIN CORP (ALN) rated Buy with price target $5.50 by Maxim Group

Posted on: Tuesday,  Jun 8, 2010  8:25 AM ET by Maxim Group

Maxim Group rated Buy AMERICAN LORAIN CORP (AMEX: ALN) on 06/08/2010, when the stock price was $2.80. Since
then, AMERICAN LORAIN CORP has lost 46.79% as of 08/27/2015's recent price of $1.49.
If you would have followed this Maxim Group's recommendation on ALN, you would have lost 46.78% of your investment in 1906 days.

American Lorain Corporation (ALC) is an integrated food manufacturing company. The Company conducts its production activities in China. The Company develops, manufactures, and sells chestnut products, convenience foods, and frozen, canned and bulk food (FCB food). ALC operates through its indirect Chinese subsidiaries, Shandong Lorain Co., Ltd., Luotian Lorain Co., Ltd., Junan Hongrun Foodstuff Co., Ltd., and Beijing Lorain Co., Ltd. The Company?s food products are categorized into three types: chestnut products, convenience foods, and FCB food. Its production activities are in China, and it derives its revenue from sales in China, Japan, and Korea. ALC?s products are sold in 26 provinces and administrative regions in China, and 43 foreign countries.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/8/2010 8:25 AM Buy
None
2.80 5.50
as of 12/31/2010
1 Week up  0.77 %
1 Month down  -3.69 %
3 Months down  -4.04 %
1 YTD down  -6.78 %

(*) Stock Price at the time of the recommendation.
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