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Value and insider buys
JNGW Jingwei International Ltd
Xu Yong (Chief Financial Officer) Buy 1,401 3.44 4,819 06:21:58 2010-12-01
No wonder a buyer, PE under 8 but income up 96%:
SHENZHEN, China, Nov. 12, 2010 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (Nasdaq:JNGW - News) ("Jingwei" or "the Company"), a leading provider of data-mining, interactive marketing and software services in China, today announced its financial results for the third quarter ended September 30, 2010.
Third Quarter 2010 Highlights:
* Total revenue increased 18.8% year-over-year to $10.4 million
* Software Services segment revenue rose 54.2% year-over-year to $5.1 million
* Data Mining segment revenue declined 2.7% year-over-year to $5.3 million, due to period-to-period fluctuations in the timing of new contracts
* Gross profit climbed 45.1% year-over-year to $4.8 million
* Gross margin was 46.5%, up 8.4% from 38.1% a year ago
* Net income increased 96% year-over-year to $2.7 million, or $0.13 per basic share and per diluted share
CNR is quite a value. It is doing super well. While the PE is6.25 its growth rate is over 100%:
>>>>>>>>>>>>>>
"It is no overstatement to say that the first six months of fiscal year ending March 31, 2011 were remarkable for CNR -- the revenue from continuing operations increased by 130.8% compared with 2009 same period; the net profit from continuing operations attributable to the Company increased by 294.4% compared with 2009 same period," CNR's CEO Mr. Sam Sio said
CGPI huge earnings report!!
CHONGQING, China, Nov. 16, 2010 /PRNewswire-FirstCall/ -- China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced the following correction to its press release issued today entitled "China Redstone Group Reports Second Quarter Fiscal Year 2011 Financial Results". The press release incorrectly stated that the Company generated GAAP and adjusted non-GAAP EPS of $0.36 for the second quarter of fiscal 2010. The correct EPS figure is $0.31 for both measures. The table on page one of the above-referenced press release should have shown the following.
Fiscal Second Quarter 2011 Results (unaudited)
Q2 2011
Q2 2010
CHANGE
Net Sales
$11.6 million
$6.7 million
+71.7%
Gross Profit
$7.1 million
$3.9 million
+83.0%
GAAP Net Income
Adjusted Non-GAAP Net Income
$4.7 million
$4.9 million (1)
$2.7 million
$2.7 million
+72.7%
+80.1%
GAAP EPS (Diluted)
Adjusted Non-GAAP EPS (Diluted)
$0.37
$0.39 (1)
$0.31
$0.31
+19.4%
+25.8%
Weighted Average Shares
12.7 million
8.8 million
+44.0%
(1)Excluding loss on change in fair value of warrants of $0.3 million for Q2 2011.
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
SOURCE China Redstone Group, Inc.
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Some folks on Yahoo finance are looking at this as a good quarter. This makes no sense to me. The company lost a cent vs. expectations of a 14 cent profit.
In addition to Zaks, Alpha king.com has put STKL in their small recommended portfolio. The PE of 22 does not fully reflect the expected 50% growth in earnings (TTM vs. est for next 12 mo.)
Where these two things come together is that the price will adjust upward as the recommendations get more potential buyers to look at the stock and become actual buyers.
Growth not in price yet and market is starting to notice.
Earnings are expected to grow 69% year-on-year (TTM vs next 12 mo) yet the PE is 5.15
Yahoo's 1y Target Est: $9.00 while today's price is just over $4
Up from $3 on Sept 24
Value, recomended, and insider buys
The expected earnings growth rate is 33% (TTM vs. est nest 12 mo.) and the PE is less than a quarter of that. The market is picking up on the value here and there is a lot of room upward.
Alphaking.com has it as one of the small number of stocks in its portfolio.
The CEO is buying regularly (has 9 mill shares):
Crain Bohn H Chief Executive Officer • • • 2010-10-05 4 B $0.38 $49,400 I/I 130,000 9,085,000 2.64 -
Crain Bohn H Chief Executive Officer • • • 2010-09-30 4 B $0.00 $0 D/D 21,500 790,801 3.15 -
Crain Bohn H Chief Executive Officer • • • 2010-05-24 4 B $0.27 $49,950 I/I 185,000 8,955,000 2.64 55%
Crain Bohn H Chief Executive Officer • • • 2010-02-22 4 B $0.23 $46,000 I/I 200,000 8,770,000 2.64 13%
Crain Bohn H Chief Executive Officer • • • 2009-10-07 4 B $0.25 $17,500 I/I 70,000 70,000 2.56 22%
Crain Bohn H Chief Executive Officer • • • 2009-05-21 4 B $0.00 $0 D/D 113,000 769,301 3.15 14%
Crain Bohn H Chief Executive Officer • • • 2009-02-26 4 B $0.11 $26,465 D/D 240,591 656,301 3.23 87%
Crain Bohn H Chief Executive Officer • • • 2009-01-16 4 B $0.18 $87,500 I/I 500,000 8,500,000 2.64 71%
Crain Bohn H Chief Executive Officer • • • 2008-12-29 4 B $0.20 $50,000 I/I 250,000 8,000,000 2.64 20%
Piper Jaffray Upgrades Stryker Corp. (SYK) to Overweight 9/16/2010
The year-on-year earnings growth is 24% (past vs next) while the PE is only 17. Target price of $59. Yahoo target price is $58
BORN, value here:
For calender year 2007 to 2009, the company's revenues increased from $71.4 million to $155.4 million, a CAGR of 47.5%. In the same time frame, the company grew its net income from $8.6 million to $24.4 million, a CAGR of 68.4%.
With this kind of growth they ase still selling for a PE under 5
It was a recent Cabot newsletter pick to outperform.
Great results just out:
Total revenues for the year ending June 30, 2010 were $339.4 million, a 72% increase from fiscal 2009 revenues, and 9% above management`s previous 2010 guidance of $310.8 million.
Gross profit for the twelve-month period was $68.5 million, up 119% from fiscal 2009 gross profit of $31.3 million.
The company expects sales in fiscal 2011 to exceed $500 million.
Selling at under 2 PE, they posted killer results for several quarters. A lot of money to be made here.
Second Quarter 2010 Highlights
-- Revenue was RMB 272.3 million (US$ 39.8 million), up 18.9% from the
first quarter of 2010 and up 29.5% from the second quarter of 2009;
-- Gross profit was RMB 84.8 million (US$ 12.4 million), up 22.4% from the
first quarter of 2010 and up 40.6% from the second quarter of 2009;
-- Gross profit margin was 31.2%, compared to 30.2% in the first quarter
of 2010 and 28.7% in the second quarter of 2009;
-- Net profit was RMB 56.5 million (US$ 8.3 million), up 24.8% from the
first quarter of 2010 and up 31.2% from the second quarter of 2009;
-- Earnings per fully diluted share were RMB 5.55 (US$ 0.81).
VNR - Big insider buy
VNR Vanguard Natural Resources, Llc
Arcturus Holdings, Llc (Director) Buy 21,700 24.97 $541,849 2010-09-08
The trailing PE is 31.08 and forward 12 months estimate is 11.88, giving a year on year growth rate in earnings of 162%. That justifies much more than a 11.88 PE.
What will happen is that investors' scans for PE vs earnings growth will start showing this stock soon. When that happens it will soar.
Good luck on that. The new news is much bigger profits than expected. Cramer and First Call should both be em-bare-assed.
Q2 earnings up 266%
This is from a Wall Street On Demand alert I got this morning.
China Agritech Inc announced 2009 second quarter earnings of $0.88 which is $0.72 higher than the prior quarter. This is 266.67% higher than last year's results for the same quarter.
A second alert says First Call is estimating $1.14 EPS for the year. So my guess is that it is very bad timing for First Call, as the .88 for the quarter seems to blow out the $1.14 estimate.
Q2 earnings up 266%
This is from a Wall Street On Demand alert I got this morning.
China Agritech Inc announced 2009 second quarter earnings of $0.88 which is $0.72 higher than the prior quarter. This is 266.67% higher than last year's results for the same quarter.
A second alert says First Call is estimating $1.14 EPS for the year. So my guess is that it is very bad timing for First Call, as the .88 for the quarter seems to blow out the $1.14 estimate.
Insider buy PIKE Pike Electric Corp Bayless Charles E (Director) Buy 5,000 8.70 43,500 13:07:09 2010-03-05
Do the math guys.
The sale is worth $4.21 per share and they have cash of $2.47 a share. Less their debt - oh there isn't any. So how can anyone not think it is worth $6.68 just in the cash value after all the proceeds of the sale are in?
A guy on the Yahoo finance message board for QLTI calculates a current value of $12 easy.