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LJ International (JADE) RSS Feed

Followers
10
Posters
27
Posts (Today)
0
Posts (Total)
65
Created
11/10/05
Type
Free
Moderators
LJ International [JADE] Hong Kong based LJ International, Inc., is a vertically integrated designer, manufacturer, distributor and marketer of a full range of fine jewelry. The Company's customers include leading department and discount stores, fine jewelers, national jewelry chains, electronic and specialty retailers, and home shopping television networks throughout North America, Western Europe, Japan, Hong Kong and China. We believe that the Company's vertically integrated structure, extensive product line and diversified customer base provide significant competitive advantages. Its business strategies include broadening its product line, diversifying its customer base in the United States and internationally, and expanding in existing and new distribution channels. We believe that The People's Republic of China, with annual retail sales of more than $600 billion (including an estimated $15 billion in jewelry sales), represents a large and growing market opportunity. LJ International is penetrating this market mainly by means of Company-owned and -operated retail stores and supplier relationships with leading retailers. It opened three stores in 2004, plans another nine openings in 2005 and targets at least 100 stores by the end of 2008. Management expects the retail business to be profitable by 2007. We rate LJ International common stock a Strong Speculative Buy, with a 12-18 month target price of $4.20 per share. We project flat earnings per share year over year in 2005, then 31% earnings growth in 2006. LJ International Website: http://www.ljintl.com/site/home.asp Management Chairman & CEO, Yu Chuan Yih COO, Alfonsa Au CFO, Ringo Ng Senior Vice President, Sales & Marketing, Danie Tangchai Read about them here: http://www.ljintl.com/site/management1.asp?lang=en Address: Hong Kong Headquarters 1212, Block A, Focal Ind. Center, 21 Man Lok St., Hunghom, Kowloon, Hong Kong, SAR Tel: +852 2764 3622 Fax: +852 2764 3783 Contact them: USA Office 713 Brea Canyon Road, Walnut, CA91789, USA Tel: +1 (909) 979 8428 Fax: +1 (909) 979 8408 Invstor Relations: ir@ljintl.com Daily Chart Weekly Chart
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