China Green Agriculture (NYSE:CGA)

	Recent 52-week high
	30% Earnings Per Share (EPS) growth rate
	10% revenue growth year over year
	Strong balance sheet
	15% minimum return on equity (ROE)
	8% minimum pre-tax margins
	Under 50 million shares outstanding
	High insider ownership
	Limited institutional ownership
	P/E at least 1/2 of EPS growth rate

We have removed China Green Agriculture (NYSE Amex:CGA) from the GeoBargain list.  It had a nice run from our initial article on April 2, 2009 at $3.38. The Fiscal 2010 EPS growth rate guidance is below the GeoBargain 30% requirement. 

Why is EPS growth slowing down in 2010?

• Using the funds from its recent fund raising activities, it will take some time for CGA to complete its (R&D) green house facility expansion .  This arm of China Green's business (agricultural products) develops products resulting from the testing of its liquid fertilizer.  The green house expansion is expected to have its desired financial impact beginning in fiscal 2011.  Thus, in the short-term we may see little growth in this portion of the business. China Green's fertilizer business is expected to continue to grow at a healthy pace.
• Dilution from recent fund raising activities.  

We will continue to track the CGA story due to the tendency of the company to exceed its guidance.  Also, investors that can look beyond the upcoming year will notice that estimates indicate EPS growing over 50% in Fiscal 2011 to $1.33.  The stock is still selling at discount  to its long-term growth rate, which may attract long-term investors.