SOURCE: Stock Market Alerts

December 03, 2009 08:35 ET

Market Watch: China Armco Metals -- December 3, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC

MIAMI, FL--(Marketwire - December 3, 2009) - Stock Market Alerts' performance stock list includes: China Armco Metals, Inc. (OTCBB: CNAM), Alcoa, Inc. (NYSE: AA), Potash Corporation of Saskatchewan Inc. (NYSE: POT) and Agnico-Eagle Mines Limited (NYSE: AEM).

Yesterday after the markets closed, China Armco Metals, Inc. (OTCBB: CNAM) announced that Armco & Metawise, Ltd. the company's wholly owned subsidiary, has completed delivery of iron ore to a China based steel company pursuant to a contract that will generate sales of approximately $13.2 million in the fourth quarter of 2009. China Armco is a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China.

Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are pleased to complete the delivery of iron ore for this contract as we strengthen our sales efforts in the China steel industry in the fourth quarter. We look forward to building on our relationship with this and other steel customers in the coming quarters as we continue to see strong momentum heading into 2010."

It was last week that the company reported financial results for the third quarter and first nine months of 2009. The financial highlights included:

--  Third quarter revenue increases to $27.3 million versus $20.4 million
    in the third quarter of 2008.
--  Third quarter loss of $824,000 after one time tax accrual adjustment
    and one time sale at a reduced gross margin.
--  Revenue for first nine months of 2009 increases to a record $55.2
    million, a 28% increase from the same period in 2008.
--  $0.26 per share EPS for first nine months of 2009 compared to $0.48
    for the first nine months of 2008.

For complete financial details, investors are urged to read the November 24th press release.

The press release stated that management is witnessing strong sales momentum in the fourth quarter, traditionally the strongest quarter of its distribution business, and now anticipates full year 2009 revenue ranging between $90 million and $95 million, with net income ranging between $4.5 million and $ 5 million. Management also anticipates that its metal recycling operation will be completed and tested sometimes in December of 2009 and ramp production starting in the first quarter fueling substantial growth in 2010.

The stock closed yesterday at $3.05 cents a share.

For an in-depth profile of China Armco Metals, visit

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Alcoa, Inc. (NYSE: AA) up 6.5% on 49.3 million shares traded. Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Potash Corporation of Saskatchewan Inc. (NYSE: POT) up 4.9% on 13.4 million shares traded. Potash Corporation of Saskatchewan Inc. is the world's largest fertilizer enterprise by capacity producing the three primary plant nutrients.

Agnico-Eagle Mines Limited (NYSE: AEM) up 3.4% on 4.9 million shares traded. Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec, Finland and Mexico and exploration and development activities in Canada, Finland, Mexico and the United States.

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