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China Agritech (CAGC) [hlAlert]

Rating:
Mkt Outperform
CAGC
down 98.80 %

China Agritech (CAGC) rated Mkt Outperform with price target $20 by Rodman & Renshaw

Posted on: Wednesday,  Sep 1, 2010  8:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform China Agritech (OTCBB: CAGC) on 09/01/2010, when the stock price was $15.87.
Since then, China Agritech has lost 98.80% as of 10/15/2012's recent price of $0.19.
If you would have followed this Rodman & Renshaw's recommendation on CAGC, you would have lost 98.8% of your investment in 775 days.

China Agritech, Inc. is a holding company for its direct and indirect subsidiaries, which manufacture and sell organic liquid compound fertilizers and related agricultural products. Its business operations are conducted through its China-based subsidiaries, Anhui Agritech Development Company Ltd. (Anhui Agritech), Beijing Agritech Fertilizer Co., Ltd. (Beijing Agritech) and Pacific Dragon Fertilizers Co. Ltd. (Pacific Dragon). The Company?s main products include LvLingBao III, LvLingBao IV, Tailong I, Green Vitality and other customized, crop specific fertilizers that are tailored to its customers? specific requirements. China is the principal market for its products, which are primarily sold to farmers in 20 provinces in China: Hainan, Anhui, Hubei, Jiangsu, Jiangxi, Guangxi, Liaoning, Shanxi, Heilongjiang, Hebei, Jilin, Shandong, Inner Mongolia, Henan, Sichuan, Guangdong, Xinjiang, Yunnan, Chongqing and Guizhou.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/1/2010 8:25 AM Buy
None
15.87 20.00
as of 12/31/2010
1 Week up  7.22 %
1 Month up  5.82 %
3 Months up  5.27 %
1 YTD down  -23.31 %

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