is...hopefully making money
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Today's selloff will subside as people take a more rational look at the 10-k. If it were not for the non-cash write of of 1.7 million, they would have done .084 for the quarter and .364 for the year. That is 26% EPS growth and their guidance suggest solid continued growth. The more rational minds are going to hold and buy on the dips.
They had a significant write down that would have resulted in another $.034 EPS diluted if they didn't take that hit.
In fiscal 2010, we will demolish a portion of a Beijing En Ze Jia Shi building in order to construct our nine-floor new building. The new building will be used for our offices, research and development, production, and modern storage. Therefore, we recognized the break away as impairment loss. We recorded an impairment loss from fixed assets of $1,719,884 during the year ended December 31, 2009 while we did not record any impairment charges during the year ended December 31, 2008.
If my math is correct they did $.05 per share in Q4. First 9 months they did $.28 ESP fully diluted and the 10-k indicates they did $.33 ESP fully diluted for the year.
Historically they close the year out very strong. I wonder what happened.
Is there anything better than earnings season? I feel like a litte kid again on Christmas Eve. Hopefully there is a huge chunk of jadeite under the tree and a blow out 10-k in my stocking.
JADA Beast! 2.25 million shares traded and holding strong in the .80's. Time to break for the .90s at end-of-day.
725k shares traded before 11AM. This rally is not loosing steam anytime soon IMO. Glad I left most of my shares on the table :)
Pre-earnings breakout!!!
Volume and buy side strenght should make $1 print very soon. A good 10-k and we blow $1 out of the water.
LMAO, you beat me out by a few hundredths of a cent. I think we'll both be happy with our shares a few weeks from now, and perhaps much sooner. LTUS has had ample time to consolidate and is ready for a healthy move up after a good earnings announcement, which I am fully anticipating.
Still holding most of my shares, but I did take a little off the table to lock in some gains. That's just a standard practice for me when a stock I'm holding is up over 100% in a few weeks. In fact, I would normally take a lot more off the table, however, this volume has me thinking that some power players got a soft preview of the earnings and liked what they saw. I'm expecting solid numbers all the way.
This is all just IMO. Playing my gut on this one.
This MM cracks me up. Everytime I go to buy some LTUS shares I get a partial (500) fill and then the ask jumps up a penny. They want to fish me up, but I guess they will have to see just how stubborn I am :)
I guarantee it will fill at my bid.
Looking forward to earnings, it should be a nice ride. I hope they give some strong guidence that references the new facility. In their latest groundbreaking PR they said that the first year after it is completed (2011) they expect $150 in revenue. Very good growth story.
Anyone who has been long on this stock for months knows the real story. This is typical SCAMex behavior, plain and simple. Manipulators are running the show and the weaker retail guys are folding like cheap hookers. This won't hold out much longer. At some point the market forces will cleanse the pool and we will begin a sustained ascent. It may take the 10-k since so many are scratching their heads right now wondernig what is going on, but that is right around the corner. As for me, the scammers would have to pry my shares from my dead lifeless hands before I would settle for taking a 30% gain. Anything less than a double would be an act of shorting my intuition. Due Dilligence and intuition are your best assets as an investor, never short either.
The best solution for this acute problem, and it is acute, is to dump the AMEX and move on to the NASDAQ. Hopefully that is what our good friend Mr. Lam is thinking too. It is time for the bulls to take charge of this situation.
The spread is huge today. It is clear that at this price we are hitting a standoff between the bulls and the bears. If the bulls win the battle today we should break away to .80. The trend is in our favor, that's for sure; especially going into earnings. I guess we will find out soon enough :)
Exactly. All it is going to take is a few large investors to take positions in CCME to chew up the remaining weak handed shares and we should be off to the races. Perhaps a few are waiting for the 10-k to validate everything before jumping in the game. Either way, I've waited this long and don't have any plans to cash in until we are in the 20's. CCME is still one of the most compelling stories that I have been able to find in recent months and I am confident it will perform.
I'm enjoying my JADA run right now and if that breaks $1.00 I'll take some off the table and buy some more CCME if it is still trading at these prices. Anything sub $15 is a no-brainer IMO.
Uncertainty leads to volitility and discounted stock prices, and there was a lot of uncertainty up to this point about how Jade sales and prices would recover post recession.
I think the uptrend will definitely be sustainable and new support established at much higher prices if we have see good numbers for Q4 and decent guidance for 2010. That would show investors that a sustained recovery in the jade market is taking form. Judging by the incredible volume and how most of it is on the buy side, it seems that the market is now betting that good numbers and signs of a sustained recovery are indeed coming.
I'm yet to take any shares off of the table because I think there is still a lot more steam in this puppy.
Yes they sure did say that the recovery was expected to continue. Also, there have been numerous articles recently indicating that Jade prices and sales have increased drastically in recent months. I'm not sure how much that will impact Q4 numbers, but it is a good sign long term for JADA.
I think it is quite possible that we see $.80 before earnings. If they do .08 or more in Q4, which it seems the community thinks they will, they will have further validated their recovery and PPS will correct to bring JADA back to a more reasonable multiple. Anything at or above .08 should send JADA well over $1.
I've never had any problems buying Chinese small caps with my TD account.
Longest.....weekend........ever.
That was my last message to tatrader11. It is obvious that he comes here with nothing meaningful to discuss about JADA and hopefully our moderator will start taking out the trash.
Holy volume Batman! Definitely appears to be a classic case of the MMs trying to squeeze out the retail guys before earnings. This will be confirmed if we have a high volume rally just before the earnings announcement. Until then, I'm just hanging out...patiently.
Actually you are both correct. The projected net income for 2010 is $83.5m which would be 100% increase YOY. So 50% of that is actually 50% of total revenue (obviously) and 50% YOY growth. Make sense?
There is a definite tug-of-war between the longs and shorts right now and the longs are about to pull away with it. I suspect that the shorts were expecting VISN like quarterly results and they just got squashed. The late day selloffs should be coming to an end IMO.
They have hinted at 50% organic revenue growth for 2010, so we should be good on that front. As per the acquisition, it is definitely a wild card. I guess we just have to trust that they will execute their acquisitions as well as they execute on their primary business. If the market likes the acquisition, shareholders will be rewarded handily.
You are correct, I meant 1 million. Must have had 7 million in my head from something else. Thanks for pointing that out.
I am very happy with $41 Mil in net income for 2009. Aside from validating CCME as the real deal, it exceeded analyst estimates and it precludes the 7 million share dilution that would have come if they had beaten the Star agreement target number. The only thing that would have been better than coming in just under that number is blowing it out of the water, but that wasn’t necessary to validate this company IMO.
I suspect that we will see a steady PPS rise from now until the 23rd as all of the shorts who were expecting a VISN like announcement start to cover. Then the next big jump will come from their 2010 guidance, which has the potential to be very significant.
We also have a nice wildcard, an acquisition announcement, in the pipeline and that could send PPS much higher as well. I am very comfortable with where we are, which in my opinion is on our way to $20 in the near future.
I've come to the conclusion that PERT has infinite shares to sell <sarcasm>. By my estimates, they have dumped approximately 14 Million shares since the begining of last month. How much more can they possibly have?
I just nibbled a little more today at 11.50. Everytime I buy some more I feel like calling my broker and telling him "thank you Sir, may I have another?"
From the latest PR:
CEO, Zhongyi Liu, welcomed the guests. "After a year of planning, we are pleased to start the construction of the new building complex and expect to finish the construction by July, interior decoration by September and GMP certification by December of this year," he said. "This is a new page for Lotus' development and it will provide important impetus to profitable growth, which is anticipated to reach $150 million in annual sales during the first year after the facility is fully operational."
If you assume a 30% PM as they have done in the past that is $50M USD in net income for 2011. That is roughly $1 EPS, or nearly 150% EPS growth as compared to current TTM earnings. If you trust the CEO this is a very compelling growth story, with accelerating earnings. Should be commanding a PE of 15+ once they start delivering on their estimates, and at $1 EPS you can do the math.
My plan for this stock is to accumulate 10,000 shares and tuck them away for a few years. Should be a nice sum by the end of 2011.
That would explain a sustained low vulume dumpfest just before earnings when it seems counterintuitive to everyone else who is expecting great earnings and a big jump in PPS.
Pert is sitting on a .41 ask, but is dumping shares at .38-.385 all day long. The next seller after them is .478. If PERT would back off the bid for 30 minutes we would jump .03-.05 immmediately, and there seem to be plenty of buyers at that price. I just don't understand their methods. It smells like sheer manipulation. I hope they get choked out.
PERT's website says that they use quantitative models for market making, but I am unsure if it is automated. Either way, you know how those crazy quants trade. It is likely that their quantitative model does not like the extent of their exposure as it relates to the implied volatility of this stock. That would explain the massive deleveraging. As per me, that is why I took a position - the potentially huge upside if we get a good 10-Q.
The great news, IMO, is that there are enough buyers at this volume to provide strong support in the high .30s.
Here is what PERT's website says about ther MM services -
"Market making in more than 7,500 stocks, utilizing a state-of-the-art quantitative models to provide best execution and additional liquidity "
Well, PERT is Pershing LLC. Pershing is a Market Maker for 7,500 stocks. My best guess is that the Pershing in the MM for JADA and their assessment of the implied volatility of this stock has increased drastically with earnings approaching, so they are deleveraging to manage the risk to an acceptable level for them. JADA is clearly a speculative stock, as there has been very little news to hint at what their earnings will look like.
Perhaps sitting on Millions upon Millions of shares with this level of volatility counters the MM's quantitative strategy.
All just an assumption.
Yikes is right. That is wild that it shows up under "Earnings Announcements for Thursday, March 4" for me but not when you search it.
Good luck to you too.
That's strange...try just typing jada.ob in the get earnings date field on Yahoo! finance earnings calendar site. Does it show up then?
Very strange; when I searched for Jada's earnings date on Yahoo! Finance it came back with March 4th -
http://biz.yahoo.com/research/earncal/j/jada.html
I'm going to go out on a limb here and say that we trade in the .365 - .375 range for the first 3/4 of the day. Then PERT will back off the ask and we will float back up to .39 by the close. Sheesh. So predictable.
"The trading tells you this stock is going nowhere."
Stocks usually don't take off without a catalyst. Many people, such as myself, leverage these "lull" periods as time to accumulate a healthy position prior to the catalyst(s) coming to fruition. We are very close to several key catalysts, the biggest of which is the first post SPAC earnings release.
Hold on to your hat time is fast approaching. Either you are aboard or you are not.
Exactly why I am taking a speculative position in JADA. There hasn't been much guidence from management, however, if they can meet or beat their Q3 numbers and have positive guidence for 2010 - we will be over $1 a share in a very short time as the market brings this stock up to a more reasonable multiple. All IMO.
Man, can March 30th come any faster?
Well, if the powers that be see fit to allow me to accumulate more shares sub $12 <sigh> I guess I will have to indulge some more and add to my position.
I doubt that I will be regretting such a move two or three weeks from now.