In this week’s Stock Market Analysis Video, Cabot China & Emerging Markets Editor Paul Goodwin says it’s been another good week, but not a decisive week, in the stock market. The market opened well on Friday when good news in the form of diminishing new claims for unemployment showed up. Paul discussed the cloud computing industry and these stocks: Acme Packet (APKT), Aruba Networks (ARUN), Netflix (NFLX), Sohu.com (SOHU) and China New Borun (BORN). Watch the video.
There’s a fairly young Chinese company (incorporated in 2000) that’s doing quite well producing and distributing corn-based alcohol in the People’s Republic. The company is China New Borun (BORN), and most of its alcohol heads straight into baijiu (the name means “white liquor”) the Chinese equivalent of vodka, which is available in strengths from about 80 to 120 proof. New Borun also gets revenue from the byproducts of the distillation process, including the grains left over and even the carbon dioxide that results. The company’s quarterly results have been growing strongly, with four quarters of both revenues and earnings...
