Sino-Global Shipping America, Ltd. – $SINO – Confident Investor Rating: Poor

Company name Sino-Global Shipping America, Ltd.
Stock ticker SINO
Live stock price [stckqut]SINO[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance: http://www.google.com/finance?q=sino
Sino-Global Shipping America, Ltd. is a shipping agency service provider in People?s Republic of China. The Company has offices in the United States in Flushing, New York, Perth, Australia and Hong Kong. Through these offices, the Company coordinates its clients? shipping needs, including preparing documents, husbanding vessels, working through customs issues, coordinating matters with port authorities, overseeing and settling cargo claims, tracking shipments, recommending trucking, warehousing and complementary services. Its principal geographic market is in the People?s Republic of China. The Company through Trans Pacific Shipping Limited (Trans Pacific) acquired a 90% interest in Trans Pacific Logistics Shanghai, Ltd., which provides freight forwarder services in Shanghai. On November 6, 2009, the Company through Trans Pacific acquired a 40% interest in Sino-Global Shipping Agency Development Co., Ltd. in Beijing.

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.

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