Lebed Alert - SPU agriculture below cash and profitable!

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SkyPeople Fruit Juice, Inc. (SPU) is a dream come true being an agriculture play in China that is extremely profitable and trading below cash! SPU`s current market cap at $2.79 is only $71.675 million, yet the company has $76.15 million in cash, $84.758 million in working capital, and shareholder equity of $128.082 million! If you subtract SPU`s debt of $13.79 million from its cash position, SPU has an enterprise value of only $9.315 million! This is a company with revenues of $93.76 million and net income of $20.54 million! For SPU`s agriculture business to be worth only $9.315 million when it generates $20.54 million per year in net income, this is one of the most undervalued stocks I have ever come across and I believe it is a sure thing to quickly double or triple from my original pick price on Monday afternoon of $2.30! SPU`s cash position has increased from $46.1 million in 3Q2010 to $49.9 million in 4Q2010 to $66.1 million in 1Q2011 and now $76.15 million in the latest quarter! Meanwhile, SPU`s accounts receivables have declined from $47.3 million two quarters ago down to $24 million! Phony Chinese companies frequently hide fake profits in accounts receivable that they can never collect. For SPU`s cash to be increasing substantially each quarter with their accounts receivable decreasing, this is without a doubt a real Chinese agriculture company! Morgan Stanley owns over 5% of SPU, see for yourself here: http://finance.yahoo.com/q/mhs=SPU+Major+Holders SPU has an unbelievable amount of insider buying, see for yourself here: http://finance.yahoo.com/q/its=SPU+Insider+Transactions SPU shorts know that this stock can`t possibly fall any lower so they are beginning to cover big time, with SPU`s short position falling last month from 970k to 755k, a decline in the amount of shares short by 22%. The remaining 755,000 shares short are about to get squeezed, in my opinion, which could quickly send SPU to its book value of $5! SPU has $2.96 per share in cash and if you can still buy any shares at $2.96 or below tomorrow, you are the luckiest person on this universe! If you doubt me about SPU it will be the SINGLE BIGGEST MISTAKE of your life! You saw my NEP gain 64% in three days last week, but I believe SPU could make much LARGER gains in the days ahead! Wal-Mart is selling SPU`s products in their stores across China! See for yourself here: http://www.skypeoplefruitjuice.com/products/in-the-stores ----- Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: http://lebed.biz/disclaimer.htm Jonathan Lebed Lebed.biz Staff This message was sent to from:

Jonathan Lebed | 350 Ramapo Valley Rd | Oakland, NJ 07436

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Source: http://stockreads.com/smw/9424/Lebed-Alert-SPU-agriculture-below-cash-and-profitable-

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