Back in August, I wrote about a very exciting company in this column that's proven itself to be an excellent wealth creator. Still, this company continues to be undervalued in the marketplace, but at least it is now getting some attention from investors.

Fushi International, Inc. (NASDAQ/FSIN) is the company I'm referring to and it is firing on all cylinders. Back in August, the stock was trading on the Over-The-Counter Bulletin Board (OTCBB) but was approved for trading on the NASDAQ market (I always take the time to review a company that's graduating to a more senior exchange from the OTCBB or AMEX).

 Fushi International manufactures what it calls "bimetallic composite wire products." The company's core product is copper clad aluminum wires, which combine the conductivity and corrosion resistance of copper with the light weight of aluminum.

According to the company, its copper clad aluminum wires are a cost-effective substitute for single copper wire, and can be used in a variety of applications such as coaxial cable for cable television (CATV), signal transmission lines for telecommunication networks, distribution lines for electricity, electrical transformers, and wire components for electronic instruments and devices.

 In its latest quarter, the third quarter of 2007, Fushi's revenues grew an impressive 147% to thirty-two million dollars, up from revenues of thirteen million dollars generated in the comparable quarter last year.

 The company reported that its sales growth was due to higher average selling prices and greater sales volumes, higher copper prices, strong market demand, and new applications for its products - translation. Business is great!

Net income in the third quarter of 2007 grew a whopping 474% to $8.2 million, up significantly from net income of $1.4 million in the third quarter of 2006. Now, $8.2 million in profit on thirty-two million dollars in sales is an outstanding accomplishment. This means that, for every dollar of sales, approximately $0.25 of that dollar is profit. Clearly, this company has a good thing going.

Since August, this stock has more than doubled in price to its current trading range of over $21.00 per share. In 2008, Fushi International expects its earnings to grow some 55% from the 2007 level. Revenues are currently expected to double those of 2007 to approximately two hundred and fifty-seven million dollars.

All this, and the stock is still trading for under 20 times its current earnings. I expect big things from this stock in 2008. I can't express how exciting it is to find great companies like this in the equity market. In spite of all the noise in the marketplace, it's a great time to be a stock market speculator.