J. Royden Ward submits:
As I mentioned earlier, I applied the Net Current Asset Value formula to my database of stocks and found a few stocks selling below their NCAV values. One stock stands out, because the company is in an industry with great potential.
HQ Sustainable Maritime Industries (HQS) is a leader in the aquaculture industry in China. Aquaculture includes the farming of fish and aquatic plants in fresh water or ocean enclosures. The aquaculture industry supplies one-half of the world’s fish and shellfish needs. Aquaculture is the fastest growing segment in the food production system and has been for the past two decades. The primary objective of the industry is to produce healthy, nutritious fish for consumption.