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Subject:  CNYD 2011 results Date:  3/30/2012  12:47 PM
Author:  wouter28 Number:  224 of 236

Although the 10K and Q4 results were not good, CNYD is cheap here at a market cap of 28M. Despite a tough year, they still earned 62 cents a share and produced $17M in operating cash flow. This is despite a slower recovery for the main tourist attraction Great Golden Lake (58% of Q4 tourist revenue) only recovering slightly and still well below their expected tourist flow. Both Great Golden Lake and Yunding Recreational Park are trending in the right direction, but well below expectations due to road accessibility being limited. The local government is rebuilding the main local road to Great Golden Lake, but this will not be completed until the beginning of 2013 at the earliest. CNYD now h