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OT: Brinker says 1600 for S&P...
http://www.studio531.com/PressReleases/20070628_CFSG.pdf for full report, below is first part only.
Equity Research
Chinese Consumer,
Media and Technology
Published by Susquehanna Financial Group, LLLP, Member NASD
Thursday, June 28, 2007
China Fire & Security Group, Inc. (CFSG: $6.45, Positive)
Initiating Coverage with a Positive Rating
Adele L. Mao - 212-514-4772 - Adele.Mao@sig.com
Jie Liu - 212-514-4895 - Jie.Liu@sig.com
We are initiating coverage on China Fire & Security with a Positive rating. CFSG is a leading supplier of fire safety products in China's industrial fire safety market, with core competency in the iron and steel industry. As China continues to enforce its fire safety regulations in key industrial segments, we estimate that CFSG is poised to achieve annual top-line growth of 40%+, with sustainable profit margins in the next couple of years. In our view, CFSG presents a unique opportunity for investors looking to participate in an emerging, high-growth niche in China's industrialization.
HIGHLIGHTS
· Growing demand for fire safety products, driven by the implementation of fire safety standards in China. Based on recent statistics, the overall fire safety market in China is approximately $4 billion, and is expected to grow ~15% annually in the next five years. While opportunities abound, competition in China's fire safety market has been fierce. We estimate there are 16,000+ companies involved in various capacities as manufacturers, distributors, and project contractors. To a large extent, the growth of China's fire safety industry depends on the enforcement of China's fire safety regulations. With increasing public awareness for fire safety, we are seeing demand shifting from "mandatory" to "voluntary" for high-quality products. Positive Factor
· Niche industrial focus circumvents over-heated competition in residential and commercial segments. The industrial fire safety segment, with a current market size of approximately $1 billion, requires technical expertise and has higher barriers of entry. It is estimated that ~80% of China's industrial plants are not compliant with government fire safety requirements. CFSG is a leader in the industrial segment, enjoying an attractive gross margin of ~50%, compared to the industry average at less than 20%. Positive Factor
· Proprietary technology, cost-effective solutions, and more importantly, deep roots in a heavily relationship-driven industry. CFSG has a strong 30-member R&D team, and the company is expected to grow its R&D personnel by 50% in the next two years. Furthermore, senior executives have been actively involved with the establishment of fire safety codes and industry/product standards in and outside of China. CFSG's close involvement in regulation and standard-setting organizations provides the company with opportunities to steer policies/standards to its advantage, and establish a solid reputation among existing and potential customers. With CFSG's involvement, China's linear heat detector (LHD) standard is more stringent than the Underwriters Laboratories (UL) standard widely followed by international players, and this prohibits international LHD suppliers from competing for new projects due to non-compliance. Positive Factor
· We believe near-term positive catalysts should push valuation higher. 1) New contracts from existing key customers in the iron and steel industry, as major factories continue to modernize their facilities; 2) penetration into other industrial segments, i.e., transportation and tunnels, as well public venues, such as stadiums and theatres; 3) improving liquidity with near-term listing transition to the NASDAQ; and 4) strategic alliance with international OEMs, which presents immediate opportunities in China, and long-term opportunities in the export market. Positive Factor
· Substantial accounts receivables on the balance sheet, but so far, so good. CFSG's key customers are primarily state-owned enterprises, which often times delay payments, creating substantial accounts receivable for CFSG. For 2006, accounts receivable net of allowances accounted for 40%+ of total revenue. Typically, CFSG charges the customers 10-30% of the contract amount up-front, and collects the balance as the project progresses. While management is proactively seeking to reduce accounts receivable risks, we do not believe there is much room for improvement on the collection front, as CFSG has no choice but to compromise on payment delays in order to maintain long-term customer relationships. That said, write-offs in the industrial segment appear more manageable overall than in the residential/commercial segment, and in the case of CFSG, write-offs have been minimal in the past. Neutral Factor
· Valuation. Despite the 95%+ appreciation since CFSG's reverse merger in October 2006, we expect CFSG shares continue to appreciate over time, as the company delivers earnings growth and gains visibility among investors. At 13.8x our 2007 EPS estimate of $0.47 (+65% Y/Y), and 10.5x our 2008 EPS estimate of $0.62 (+32% Y/Y), CFSG shares are trading at a significant discount relative to its near-term earnings growth potential as well as market opportunities in the long run. We believe further upside in the shares will be driven by P/E multiple expansion, as well as upside to current estimates. In our view, management's "make-good" target of $13 million in net income and EPS of $0.46 for the year 2007 appear conservative, and we expect the company to beat the target with additional contract wins from existing and new customers, as well as with strategic alliances with international OEMs.
CONTRA CASE
Risks to our investment thesis include: 1) weaker than expected demand of fire safety products due to a lack of enforcement of new and existing fire safety codes; 2) China's economy slows down and causes domestic power, petrochemical, and iron and steel industries to contract; 3) new or alternative technologies introduced by competitors that are superior to CFSG's solutions; 4) penetration of new market segments takes longer than expected to ramp up; and 5) departure of any senior executives.
Click here to Read the Complete Report
Susquehanna International Group, LLP (SIG) is comprised of a number of trading and investment related entities under common control, including Susquehanna Financial Group, LLLP (SFG). An affiliate, Susquehanna Capital Group, was acting as a market maker in the subject security on the issue date of this report. SIG, its affiliates and/or its principals may have long or short positions in securities or related issues mentioned here. SIG may make a market in securities mentioned here and in its capacity as specialist and/or market maker may execute orders on a principal basis in the subject securities. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. The research analyst primarily responsible for this report attests that the views expressed accurately reflect his or her personal views and that no part of his or her compensation was, is, or will be related to any specific views in any research report. This information is meant for institutional accredited investors, anyone not meeting that definition should contact William Mann toll free at 866-744-8160 for additional information.
SFG does and seeks to do both investment banking and non-investment banking business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. SFG intends to represent issuers, including one or more of the subject companies, as a broker in connection with corporate repurchase plans. Research analysts may receive compensation for their efforts involving corporate repurchases.
SFG employs the following rating system:
Positive: The data points compiled and the analysis conducted by the research analyst sum up or "net" out to an overall positive view. This is not a net positive for the company, but a net positive for the stock, meaning the information and analysis contained in the report are not reflected in the current stock price and could reasonably be expected to have a positive or appreciating effect (when widely available to the public) on the current stock price.
Neutral: The data points compiled and the analysis conducted by the research analyst sum up or "net" out to an overall neutral view. This is not a net neutral for the company, but a net neutral for the stock, meaning the information and analysis contained in the report are either NOT reflected in the current stock price and could reasonably be expected to have no effect (when widely available to the public) on the current stock price, OR the information contained in the note is already reflected in the current stock price.
Negative: The data points compiled and the analysis conducted by the research analyst sum up or "net" out to an overall negative view. This is not a net negative for the company, but a net negative for the stock, meaning the information and analysis contained in the report are NOT reflected in the current stock price and could reasonably be expected to have a negative or depreciating effect (when widely available to the public) on the current stock price.
Prior to May 2, 2005 SFG employed a rating system as follows:
Net Positive which carried the same definition as Positive above
Net Neutral which carried the same definition as Neutral above
Net Negative which carried the same definition as Negative above
SFG Fundamental Research: 170 companies under coverage (as of 3-31-2007)
Covered companies in each rating category
Positive (Buy): 49% (83 securities)
Neutral (Hold): 49% (84 securities)
Negative (Sell): 2% (3 securities)
Investment banking clients in each rating category
Positive (Buy): 1% (1 security)
Neutral (Hold): 1% (1 security)
Negative (Sell): 0% (0 securities)
From January, 2006 to June, 2006 SFG used the following ranking system in addition to the above:
SIG Q SCORE(tm) is a hybrid quantitative modeling tool designed to cover a broad universe of stocks. It compares multi-factor analysis of historical, company reported financials and other quantitative trading and performance data to derive a ranking designed to provide a relative performance tool. The end result is a composite rank from 1 to 5 with 5 indicating the highest predicted return. The ranking is meant to be regarded as an indicator of relative performance. Based on these rankings, we would expect stocks ranked 5 to outperform those ranked 4 or lower over the next 12 months, those ranked 4 to outperform those ranked 3 or lower, and so on. The entire universe of analyzed stocks (of which SFG Small-Cap coverage is a subset) is divided into fifths, such that the percentage of stocks in each category will remain largely consistent over time. Changes in quantitative and other factors that occur after the ranking are not reflected until the model is run again next quarter.
Beginning July, 2006 SFG changed the ranking system to include only three SIG Q SCORE rankings from 1 to 3, with a SIG Q SCORE of 1 representing the highest ranking. The methodology of computing the rankings remains as above; however, the result is now divided into thirds rather than fifths and the order inverts with 1 now being the highest ranking.
SFG Small-Cap Research: 30 companies under coverage (as of 3-31-2007)
Covered companies in each rating category
SIG Q SCORE 1 (Buy): 27% (8 securities)
SIG Q SCORE 2 (Hold): 46% (14 securities)
SIG Q SCORE 3 (Sell): 27% (8 securities)
Investment banking clients in each rating category
SIG Q SCORE 1 (Buy): 0% (0 securities)
SIG Q SCORE 2 (Hold): 0% (0 securities)
SIG Q SCORE 3 (Sell): 0% (0 securities)
The qualifier reference to the term "Factor" (i.e., positive, neutral, negative) pertains only to the factor(s) that is the subject of the reference and is not meant to be an overall assessment or analysis of the company or the valuation of any of the company's securities. This release only provides selective information that may affect the company and should not be construed as a recommendation to purchase, sell or hold any security or to engage in any particular trading strategy. Investors should use the information contained herein in conjunction with other information they may have about the company to formulate their own investment and/or trading decisions and strategies.
SWTX: Stock has been very strong of late, new recent highs, return to profitability and new CEO did the WMCO turnaround. Looks like he is at least turning the stock around, was talked about on last conf. call.
I think it goes to at least $2.00 .. No guarantee of course.
I thought your previous post was your last? Why not read the purpose of a board before you start posting to it!
edit: What's up with this guy?
brikk: You have said that twice today. Your facts are wrong. Once the stock gets above .51 cents until it reaches 1.00 the bid size is 2500 shares. At the MM's discretion they can show your order.
bedwards1000: You are right about 2500 being the number for it to show at this price level. Keep in mind that on the BB they are under no obligation to show your bid at any time. Also GVRC is ETRD as I recall.
OT - China question.... Do Chinese investors have access to buying OTCBB stocks? Or any US based stocks? Or are they limited to Shanghai ?
TIA
msgi: does that work?
AAC,AAGH,AATK,AAUK,AAV,ABAT,ABAX,ABI.v,ABIX,ABMC,ABP,ABZT,ACA,ACAS,ACBT,ACGY,ACI,ACLO,ACRG,ACSEF,ACTS,ACTU,ACU,ACY,ACW,ACY,ADBL,ADDL,ADGO,ADMG,ADNW,ADSK,ADSM,ADTR,ADVC,ADY,AE,AEDU,AEGCF,AEHR,AEGCF,AEL,AERTA,AET,AETI,AEY,AEZS,AFAM,AFOP,AFPC,AFSI,AFT,AH,AHCKF,AHM,AHOM,AID,AIH,AIRM,AIRT,AIXG,AKS,ALCO,ALDA,ALF.v,ALHC,ALJ,ALJJ,ALLN,ALOD,ALOT,ALRG,ALTM,ALTX,ALVR,ALY,AMBK,AMC,AMED,AMEN,AMEP,AMHI,AMIN,AMLJ,AMLS,AMNF,AMPH,AMR,AMRE,AMTA,ANCS,ANCX,ANDR,ANGN,ANH,ANNB,ANS,ANST,ANTP,AOB,AP,APES,APFC,API,APLX,APNO,APT,AQL.v,AQNT,ARCS,ARD,ARGN,ARG.to,ARKN,ARIS,ARSD,ARTG,ARTW,ARWR,ASAM,ASDS,ASEI,ASIA,ASPM,ASPN,ASPV,ASTE,ASTSF,ASY,ASYS,ATC,ATEA,ATHR,ATPTZ,ATRM,AUR.to,AUO,AUTO,AVCA,AVCI,AVEE,AVMD,AVPI,AVSO,AVTR,AVZA,AWX,AXLE,AXM.V,AXS,AYSI,AZGS,AZL,AZZ,BABB,BABY,BASI,BAQG,BBC,BBDA.to,BBHL,BBSI,BCIS,BDCO,BDGR,BDL,BDN,BDR,BEAV,BELM,BETM,BEXP,BFO.V,BGH.V,BGII,BHP,BIOQ,BITS,BJS,BKSC,BKYI,BLD,BLE,BLHL,BLMC,BLUE,BLVKF,BMHC,BMRA,BNSO,BOBS,BOFI,BOGN,BOOM,BPA,BPTR,BRCD,BRLC,BRLX,BRNC,BRR,BSD,BSHI,BSIC,BSM,BSQR,BSYN,BTCP,BTEL,BTJ,BTHS,BTN,BTUI,BTYH,BUKS,BUTLE,BVF,BVN,BVSN,BYFC,BYUA,BWLRF,BWRTO,BWWR,BXC,CAAS,CACB,CADA,CADV,CAGC,CAMP,CAMT,CAS,CASM,CASY,CATS,CAV,CAW,CAX.to,CBAK,CBBO,CBBT,CBEX,CBM.to,CBIZ,CCETF,CCF,CCI.to,CCJ,CCOM,CDCO,CDGT,CDV,CE,CEAC,CECE,CEDA,CEG,CEK.to,CEP.V,CESV,CFCI,CFK,CFM.L,CFRI,CFSG,CGCP,CGNW,CGR,CGRH,CGSO,CHAP,CHAR,CHBD,CHBP,CHBT,CHCG,CHCI,CHDT,CHDX,CHID,CHKJ,CHLN,CHINA,CHME,CHMP,CHMS,CHND,CHNG,CHNR,CHRN,CHY.v,CHYS,CIGI,CIMK,CIMT,CITY,CIWT,CKCM,CKF,CKGT,CKYS,CKP,CLF,CLHB,CLMJF,CLMT,CLSI,CLWT,CLWY,CMD,CMKG,CMM.v,CMNN,CMRN,CMT,CMTL,CMTX,CNEH,CNIG,CNRD,CNSI,CNTF,CNU,CNVT,CNY,CO,COBR,COGO,COHT,COHQ,COLL,COO.v,COP,CORG,CORI,COVR,COWP,CPAK,CPE,CPHI,CPNE,CPNO,CPROF,CPSL,CPSS,CPSX,CQB,CRDN,CREAF,CREB,CRKT,CRLI,CRM,CRMH,CRMZ,CRNS,CRNT,CRWS,CRWTF,CRYP,CRV,CRYP,CS.to,CSCD,CSCT,CSLR,CSOF,CSPI,CSPLF,CSCT,CSTL,CSQB,CSWT,CTCH,CTDH,CTEX,CTGI,CTGLF,CTGX,CTIB,CTO.to,CTON,CTRP,CTT,CULS,CVAS,CVDT,CVGI,CVIa.to,CVI.a,CVU,CVV,CWBS,CWLM,CXG.a,CXPI,CXTI,CYAN,CYBE,CYBS,CYD,CYDI,CYDS,CYGT,CYHI,CYIO,CYMI,CYRO,CZE,DAIO,DAKT,DAOU,DATA,DBLE,DCAP,DCL.v,DCU,DDDC,DECK,DECT,DEEP,DEL,DEVC,DFC,DFNS,DFZ,DGIT,DGIX,DGSE,DGTC,DHB,DIET,DIGF,DITC,DJRT,DK,DLA,DLGG,DLIA,DLPX,DLSL,DMEC,DMTI,DNA,DNDT,DNO.ol,DOC,DOLL,DPDW,DPRI,DPTR,DPW,DRAM,DRAX,DRDF,DRGV,DRMS,DRUG,DSCI,DSEN,DSSI,DSWL,DSX,DTRX,DTLK,DVLN,DVQFF,DVS,DVT.to,DWCH,DWSN,DWVSF,DXPE,DYHP,DYNT,DYSL,DYTM,DY.to,DZRFF,EACO,EBIX,EBN.v,ECGI,ECOL,EDAC,EDDH,EDGH,EDV.to,EEGI,EENC,EEVT,EFGO,EFJI,EFUT,EGAM,EGLE,EGLY,EGMI,EGR,EGY,ELGT,ELK,ELLG,ELT,ELTK,ELSE,ELY,EMBX,EMFP,EMGP,EML,ENG,ENGM,ENH,ENHT,ENMC,ENPT,ENUI,ENY,EON.v,EONC,EPCBF,EPEN,EPEX,EPLN,EPRS,ERI,ERJ,ERMS,ERS,ESCL,ESP,ETEC,ETIFF,ETLT,EVAI,EVSNF,EWEB,EWST,EXM,EXN.v,EXP,EXXa,EZEN,EZM,FAF,FARO,FATS,FAVS,FBR,FC,FCCN,FCEN,FCSC,FCX,FEIC,FEP,FFEX,FFH,FFHL,FIND,FLEX,FLIP,FMD,FMFK,FMMH,FNF,FNX,FONR,FORD,FORG,FPB,FPP,FRD,FRGB,FRGN,FRLK,FRPT,FSIN,FSPX,FSTR,FTAR,FTHR,FTK,FTO,FUEL,GACF,GAMM,GARM,GAV.V,GAXC,GBCS,GBTS,GCCP,GDVI,GEAC,GEHL,GENX,GEOI,GES,GETC,GFAM,GFCI,GFI,GFRP,GG,GHM,GI,GIFI,GIGA,GIGM,GIII,GINV,GIW,GLBL,GLDD,GLE,GLMA,GLN.to,GLNC,GLNG,GLOB,GMKT,GMOS,GMXR,GNRG,GNRL,GNSY,GNTA,GORX,GPOR,GPP.v,GRC,GRGR,GRIL,GRIN,GROW,GSCP,GSF,GSOL,GSPG,GSHF,GSHO,GTW,GULF,GWNI,GV,GVBK,GW,GXYF,GZGT,HA,HAL,HANS,HAUP,HBM.to,HBP,HBTC,HCAR,HCTL,HDB,HDL,HDNG,HDSN,HEMA,HERO,HFGB,HFIT,HGIIA,HICKA,HIHO,HINT,HJAWF,HJI.v,HKN,HLB.to,HMB.v,HMIN,HMNA,HOT,HPCO,HQSB,HRAY,HRBN,HRCT,HRLY,HRPN,HRSH,HSOA,HSPR,HSR,HRSH,HSTM,HSY,HTC,HUM,HURC,HW,HYD.v,HYE.v,HYRF,IAAC,IAGX,IAIC,IAO,IAX,IBCA,IBIN,IBIS,IBN,ICCA,ICGE,ICE,ICO,ICOC,ICON,ICUR,IDCC,IDIB,IDSA,IDSY,IDWK,IDXX,IEAM,IECE,IEHC,IEIB,IFNY,IFO,IFON,IFUL,IGAI,IGPN,IIN,IIIN,IKNX,ILC,ILI.v,ILNP,ILX,IMCL,IMN.to,IMOS,IMPL,INB,INEL,INFD,INLM,INMD,INPH,INRB!!,INSW,INTN,INTT,IONN,IOX,IPA,IPAR,IPII,IPSU,IPT,IPUI,IPXLE,IRD.to,IRS,ISAC,ISEE,ISHM,ISIG,ISNS,ISOL,ISRG,ISSG,IST.to,ITEX,ITGI,ITRN,ITSI,ITI,IVW.to,IWEB,IWOV,IYSA,JACO,JADE,JAKK,JAV,JCC,JCS,JCTCF,JDO,JLG,JLHY,JLN,JLWT,JMIH,JOB,JOSB,JOYG,JPST,JRCC,JRJC,JSDA,JST,JTC.V,JVA,KCS,KEQU,KG,KHD,KHK,KINV,KLIC,KMGB,KNDL,KNOT,KOMG,KONG,KPCG,KPPC,KRI,KRSL,KRS.v,KRSYF,KSCI,KSW,KTCC,KTEC,KYZN,LAKE,LAIC,LANV,LBIX,LBWR,LCC,LDSH,LEE.v,LEIX,LEND,LEXG,LCI,LGII,LGL,LGTY,LHCG,LIC,LII,LIM.to,LINN,LKAI,LKI,LMA.to,LMC,LMIA,LMS,LOGC,LOJN,LOOP,LPA,LPHI,LPX,LRNS,LRT,LTFD,LTON,LTR,LTRX,LTTC,LTXX,LUFK,LUN.to,LV.V,LVFHF,LWAY,LWLL,LXU,MAG,MAIN,MAJR,MAMA,MANA,MAR,MATK,MBLA,MBXBF,MCX,MCZ,MDF,MDTA,MDTH,MDVX,MEA,MED,MEK,MEMS,MEMY,MEOA,MEOH,MERX,MESA,MFCO,MFI,MFIC,MFLO,MFLX,MFRI,MFW,MGAM,MGRP,MHCO,MHGC,MHJ,MIG,MIKR,MILAA,MIND,MIPS,MITK,MJES,MKGP,MKRS,MKTE,MKTX,MLI,MLLS,MLOBF,MLQT,MLR,ML.TO,MMUS,MNDO,MNMN,MOBL,MOC,MOCO,MODT,MOSS,MOVI,MPAC,MPAD,MPET,MPP,MPWG,MPX,MRCR,MRDG,MRFD,MRGE,MRDH,MRO,MRS.L,MRY,MSHI,MSI,MSN,MSY.to,MTEX,MTLM,MTPW,MTS,MTXX,MTYG,MVCO,MVK,MWIS,MXF,N,NADX,NAHC,NAUG,NAVH,NAVR,NBR,NCEM,NCNC,NDOL,NEC.ol,NEGI,NESS,NETM,NEW,NFI,NGA,NGCD,NGMC,NGPS,NGRU,NGS,NHHC,NHWK,NICH,NICK,NILE,NILSY,NITE,NKBS,NLG,NLST,NMGC,NMKT,NMPNF,NMSS,NMX,NOIZ,NOV,NOVL,NP,NPLA,NRF,NRVN,NRX.v,NSH,NSS,NSYS,NTC.v,NTI,NTO,NTRI,NTRZ,NTST,NTWK,NUHC,NVO.to,NWD,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"Edward Kennedy is such a friggin joke. He is a cartoon character. How in the hell this guy manages to maintain power and, credibility I will never know."
Remember his family, especially brothers. He must have a draw filled with info and secrets on just about everyone who could put him down.
Although on a social political level I lean more in his direction I can't stand the fat feckin fetid fop. Could not think of a word meaning drunk that begins with F.
CFSG: Coverage initiated on CFSG by Susquehanna Financial today with a positive rating. Roth capital recently started to cover it as well. Assuming NASDAQ listing should be done soon, otherwise these firms would not be retailing the stock to customers.
Coverage initiated on CFSG by Susquehanna Financial. Now along with Roth Capital we have 2 firms reporting.
BRLC: I own a few of the products. They are OK, not great. A good value for the money compared with the higher priced units. Service support from the company was weak.
But ultimately I see LCD & Plasma TV's as a pure commodity with shrinking margins. Only the largest of the units command an outsized price and the sales volumes on those are LOW. Look at DVD players for $29.00 at the supermarket... How long will it be before LCD's are sharing space in the Beer Aisle?
Sometimes of course none of the above has anything to do with the stocks price action.
Just reading the I Box here and wondering if anyone can tell me what this means:
Float 4,567,260
Restricted shares 10,868,218
Total outstanding 15,436,260
Number of shareholders of record 175
Latest share info direct from Freestone is:
18 million float
48 million OS
50 million AS
Seems to contradict itself, the company website shows the first set of numbers.
jtomm: Schwab has only done that to me once in the last 5 years on a fast moving low priced BB stock. I like the streetsmart pro software and overall am happy with the service and local branch network.
I am just starting to look at this one myself. Own a few, very few shares. Don't see how you come up with a pe of 23 however. The 3/31/07 Q shows 6 cents per share for the quarter. If you annualize that it comes to $.24 per share and a pe of under 10.
Maybe I am missing something, could be you are as well. If they are growing revenues and net income then it could be a bargain here.
Waiting for enlightenment from the masses who inhabit this board. LOL
Len: I can only go back to my own past experience way back in the mid 80's. Our clearing brokerage firm went belly up and everyone of the stocks that we made a market in (we had big positions and had underwrote many of them) took big hits. Most never recovered.
Don't have any clue as to the size of any long positions in these stocks or what relationships the brokerage firm has with these companies. If they only had small positions or were short no big deal. If they were helping to support or pump any of them then I would be careful to stay away.
Brookstreet Market Making equities list from OTCBB site! FWIW
SPBU
SPARE BACKUP INC 908,341 2 21 1,179,067 1 27 7,788,949 1 30
BLLNE
BRILLIANT TECHNOLOGS 785,800 10 1 450,000 12 <1 1,347,300 18 <1
RPTN
RAPTOR NETWORKS TECH 683,850 6 5 2,095,041 2 15 9,544,138 1 18
PAYD
PAID INC 350,000 8 4 1,765,090 6 8 3,784,040 6 6
RSUR
REMOTE SURV TECH INC 314,200 5 11 555,000 4 4 2,049,900 4 6
FDRA
FOLDERA INC 280,230 3 13 423,647 2 20 2,183,000 2 19
TTDS
TRITON DISTRIBUTION 191,696 2 15 238,416 2 17 1,302,530 2 22
PWTC
POWER TECHNOLOGY INC 187,500 8 2 - - - 192,500 13 <1
IZZI
INTEGRATED SEC SYS INC 184,089 1 25 144,417 2 30 1,068,616 2 28
MCET
MICRONETIC CORP 164,916 8 3 141,000 6 5 861,116 6 5
MCET
MULTICELL TECHS INC 164,916 8 3 141,000 6 5 861,116 6 5
AXGI
AXIUM TECHNOLOGIES 105,660 3 16 92,500 3 12 331,440 4 6
ALRY
ALLENERGY INC (OK) 100,000 7 <1 - - - 100,000 20 <1
EDIG
E DIGITAL CORP 80,200 5 1 227,462 6 2 732,233 6 1
TERN
TERAYON COMMUN SYS# 67,600 18 <1 510,150 11 2 664,750 20 1
FHHI
THE FASHION HOUSE HO 64,000 2 22 - - - 89,000 5 11
GEPT
GLOBAL E-POINT INC 54,165 8 4 38,700 7 7 278,041 6 3
GEPT
GROUPE ESPADON PETER 54,165 8 4 38,700 7 7 278,041 6 3
REED
REEDS INC 50,773 5 11 178,319 5 10 655,831 2 17
ETLY
ECOTALITY, INC. 48,200 6 5 15,511 8 1 95,711 14 <1
CPMM
CHINA PREMIUM LIFEST 45,000 7 2 2,115,889 1 37 3,751,212 1 28
VYTC
VYTA CORP 40,989 5 9 100,730 4 9 200,732 4 8
QPCI
QPC LASERS INC 38,010 5 7 33,150 3 20 160,760 5 8
PFNH
PERFISANS HOLDINGS 35,000 11 1 - - - 50,000 15 <1
RHWA
RIVERHAWK AVIATION 30,797 5 10 975 9 <1 1,575,472 5 12
RGBL
RG GLBL LIFESTYLS 27,975 6 4 79,550 6 3 272,325 7 2
VKPW
VIKING POWER SERVICE 22,500 9 1 20,000 7 1 42,500 9 <1
STRU
STRAIGHT UP BRANDS 20,000 5 5 29,400 6 4 191,000 7 4
AOLS
AEOLUS PHARMACEUTICL 18,000 9 4 37,500 8 2 191,149 8 5
DSEN
DATASCENSION INC 13,000 5 4 48,200 6 5 421,500 3 14
CPTC
COMPOSITE TECH CORP 8,962 26 <1 29,800 26 <1 73,762 29 <1
PWTCE
POWER TECHNOLOGY INC 5,000 8 2 - - - 192,500 13 <1
WDMG
WINSONIC DIGITAL MED 5,000 8 <1 - - - 5,000 12 <1
HMBT
HEMOBIOTECH INC 3,900 5 1 16,000 2 20 90,600 4 8
CGNW
COGNIGEN NETWKS 625 4 1 - - - 625 8 <1
APFB
ATLANTIC PACIFIC BNK 500 4 4 - - - 1,300 7 2
HSOA: This would certainly qualify as one crazy move by a supporter of short sellers to write a letter to the SEC asking for action on a stock they are trashing. Nobody with half a brain invites the scrutiny of the SEC/Courts/Police without a mighty good reason for the action. If in fact Citron was lying they would be putting themselves out there for prosecution and providing prima facie evidence of a fraud on their own actions.
If I owned the stock, I would be running for the exits. Even if it proved to be untrue eventually, I still would be selling.
But of course this is the nameless/faceless internet and anything is possible and nothing is real.
DMC: Never much care for companies that have insider selling against a backdrop of Red Ink.. Although the sales were last year, would like to see profits...
Until then it's RUN- DMC...
Shamelessly stole this post from Investor Village...
"I agree CFSG looks ripe for a pullback here after the last 2 weeks. Especially if the markets continue to go south this week as they very well might.
That said, I believe CFSG will ultimately trade at a PE that includes a premium compared to many of the other Chinese for the following reasons:
Zero debt, and brand new facilities with room to expand.
$10M cash to shop with.
"Over 50%" income growth stated by the company and Motley Fool (who are not known for hyping stocks or coming up with wild income projections) Now, how much over 50% growth remains to be seen. I would not be surprised to see 75% or greater income growth going forward, given their apparent positioning in their market.
No share dilution recently or planned (many of these micros have been hit hard by dilution. CFSG has made it a point in their last conference call that they will not dilute shares, and that they will grow organically with income earned.)
Nasdaq listing pending. Only a select few of the Chinese micros will be trading on the Nasdaq in a few weeks/months. CFSG is one of them.
CFSG wrote the new fire codes for the Chinese government. These codes include their high margin, patented LHD (Linear Heat Detectors).
Now, 1-6 above are cold hard facts that can not be disputed.
The following are my theories based on the above facts:
CFSG, having written the fire codes for the government, is in the enviable position of being able to consolidate a nacent and fragmented market with no clear player. They will now consolidate the > $1 Billion industrial fire safety sector and marginalize their competitors due to the government codes. This is what absolutely sets CFSG apart from the many other low PE China plays out there.
Announcements of additional large contract wins will be forthcoming, and will show that CFSG is consolidating the fragmented industry and emerging as the leader.
Taken together, a PE of 30 would not be unreasonable once trading on the Nasdaq. With 2007 "make good estimate" of .46/share , that's a SP of $14/share. Heck, JADE trades at a PE of 45, has slower growth and tiny margins compared to than CFSG.
Again, most of these Chinese micros can't support a PE of 30. They either have planned or current share dilution...or debt...or no hope of a Nasdaq listing anytime soon...or too much competition driving margins down, etc.
In conclusion, I agree that we may see a pullback short term that will set up a good buying opportunity for those who missed the first CFSG run. However, I think CFSG has several compelling factual reasons for why it should trade at a higher multiple than most its China OTC.BB peers."
echos: You have at least one supporter for your views on the subject!
Len: The fact that you can believe all what you posted and have no room for those of us who believe that most of what you posted is nonsense, is quite frankly absurd.
That is the problem with religion for the most part. It teaches intolerance for those that don't follow along with mainstream ideas.
I witnessed it from my own early religious training along with those of friends of other faiths.
Favorite stock of mine. Growth of revenues and earnings have been moving upward at a fast pace. Currently in the uplisting phase of NASDAQ and should be off the OTCBB shortly.
Company has made a "make good" revenue estimate of $.46 per share for the current fiscal year and combined with a NASDAQ listing should help get the stock price at or near the $10.00 mark, A float of only 3.7 million shares with many of those shares not on the market at current prices or volumes.
Hey all, just started looking at this stock. Is this company for real? The CEO uses CPCF.OB as a cash machine over the years and it makes me a bit cautious to believe that WTER is the real deal.
I see that it was written up as a buy according to a Yahoo poster.
TIA for any insights
dpdw - I still own some stock in dpdw, however the numbers generally put forth on the dpdw board are a flight of fantasy. Your numbers are more conservative, but caveat emptor rules on the stock. I thought when I first bought it based on the combined numbers which showed it to be profitable, that I had an immediate BIG winner. I think it will take some time to actually justify the price levels it is headed to based on the euphoria.
That being said, as a wildcard pick you done good!
We have survived the last 6 years with a lame president. I assume we can make it two more years. Well most of us can, not the 14 US soldiers to die in the last 2 days in IRAQ. For them it is too late.
Any idea of the float for this company???
Not much of a trader at this point.
Thanks in advance.
Looks like, for the time being at least . . . DOMS has stopped leaning on the stock. I was lucky enough to buy back my stock sold from the other day so looking forward to a slow march up!
swanlinbar: http://sec.gov/Archives/edgar/data/803044/000114420407016609/v070320_pos-am.htm
There is an overhang of stock. DOMS the MM seems to be pressuring the stock down into the low $.70's ... I have no clue how long it will take, but eventually the hugh new revenue stream should win the day.
I however sold 15% of my position @ $1.00 for a trade and hope to buy back lower. I expect it to stay $.01 above my buy price to frustrate me.
Obviously great news today, however DOMS is going to lean on this stock for who knows how long??? When they are done, the stock could move a lot higher.
Electronic Control Security, Inc. Receives Contract from Lockheed Martin For $7.0M and First Task Order
Monday June 18, 12:07 pm ET
CLIFTON, N.J., June 18 /PRNewswire-FirstCall/ -- Electronic Control Security, Inc. (OTC Bulletin Board: EKCS - News) "ECSI", a leading provider of electronic security system technologies and services to the government, military and private sectors, today announced it had received a subcontract award in the amount of $7 million for support services during fiscal '08. The company's status as a qualified DoD Small Business subcontractor fulfills the requirements of the Lockheed Martin Warrior Shield Team under the Anti- Terrorism Force Protection initiative for protecting US naval bases worldwide.
ECSI's award and first task order are a direct result of the company's unique core competency in the manufacture and support services for state of the art multi-environment land, sea and air technologies and intrusion detection systems. Task orders are expected to be issued on an on-going basis beginning July '07 and continuing through fiscal '08 and beyond.
"ECSI's award under the ATFP PIM-MAC program is another step forward in achieving our objectives," stated Arthur Barchenko, President and CEO. "We will be operating as a subcontractor to our winning team partners which gives us a significant portion of the award. At this point it is premature to quantify the expected size of the awards to ECSI over the full term but we anticipate further announcements as we receive additional contracts and task orders over the summer."
About Anti-Terrorism Force Protection PIM-MAC Program
The ATFP PIM-MAC Program is a critical element in improving the security posture at Navy shore installations worldwide. It includes Waterside Security Systems; Electronic Security Systems (ESS); Access Control; Command, Control, Communications and Intelligence; and more. The purpose of the program is the procurement, installation, and sustainment of Anti-Terrorism Force Protection Ashore Program equipment at naval installations worldwide. The total amount per year is not to exceed $100,000,000; and the cumulative total for all four contracts over the entire contract term is $500,000,000 (base period and four one-year options). Work will be performed at various locations worldwide. The term of the contract is not to exceed 60 months, with an expected completion date of March 2008 (March 2012 with options). Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Naval Facilities Engineering Command e-solicitation website with 11 proposals received. The Naval Facilities Engineering Command, Southwest, Specialty Center Contracts Core, Port Hueneme, Calif., is the contracting activity.
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The company designs, manufactures and markets physical electronic security systems for high-profile, high-threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with major system integrators in both the United States and overseas to support the installation and after market. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI, please visit http://www.anti-terrorism.com.
ECSI Safe Harbor Statement
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, the availability of working capital, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, our ability to attract and retain qualified personnel, and changes in our acquisition and capital expenditure plans, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1 of our Annual Report on Form 10-KSB for the fiscal year ended June 30, 2006, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Source: Electronic Control Security, Inc.
Awesome:
Electronic Control Security, Inc. Receives Contract from Lockheed Martin For $7.0M and First Task Order
Monday June 18, 12:07 pm ET
CLIFTON, N.J., June 18 /PRNewswire-FirstCall/ -- Electronic Control Security, Inc. (OTC Bulletin Board: EKCS - News) "ECSI", a leading provider of electronic security system technologies and services to the government, military and private sectors, today announced it had received a subcontract award in the amount of $7 million for support services during fiscal '08. The company's status as a qualified DoD Small Business subcontractor fulfills the requirements of the Lockheed Martin Warrior Shield Team under the Anti- Terrorism Force Protection initiative for protecting US naval bases worldwide.
ECSI's award and first task order are a direct result of the company's unique core competency in the manufacture and support services for state of the art multi-environment land, sea and air technologies and intrusion detection systems. Task orders are expected to be issued on an on-going basis beginning July '07 and continuing through fiscal '08 and beyond.
"ECSI's award under the ATFP PIM-MAC program is another step forward in achieving our objectives," stated Arthur Barchenko, President and CEO. "We will be operating as a subcontractor to our winning team partners which gives us a significant portion of the award. At this point it is premature to quantify the expected size of the awards to ECSI over the full term but we anticipate further announcements as we receive additional contracts and task orders over the summer."
About Anti-Terrorism Force Protection PIM-MAC Program
The ATFP PIM-MAC Program is a critical element in improving the security posture at Navy shore installations worldwide. It includes Waterside Security Systems; Electronic Security Systems (ESS); Access Control; Command, Control, Communications and Intelligence; and more. The purpose of the program is the procurement, installation, and sustainment of Anti-Terrorism Force Protection Ashore Program equipment at naval installations worldwide. The total amount per year is not to exceed $100,000,000; and the cumulative total for all four contracts over the entire contract term is $500,000,000 (base period and four one-year options). Work will be performed at various locations worldwide. The term of the contract is not to exceed 60 months, with an expected completion date of March 2008 (March 2012 with options). Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via the Naval Facilities Engineering Command e-solicitation website with 11 proposals received. The Naval Facilities Engineering Command, Southwest, Specialty Center Contracts Core, Port Hueneme, Calif., is the contracting activity.
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The company designs, manufactures and markets physical electronic security systems for high-profile, high-threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with major system integrators in both the United States and overseas to support the installation and after market. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI, please visit http://www.anti-terrorism.com.
ECSI Safe Harbor Statement
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, the availability of working capital, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, our ability to attract and retain qualified personnel, and changes in our acquisition and capital expenditure plans, and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1 of our Annual Report on Form 10-KSB for the fiscal year ended June 30, 2006, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Source: Electronic Control Security, Inc.
gilead... at the .51-1.00 range on the BB the MM's are required to be good for 2500 shares, .00 - .50 they are required to be good for 5000 shares. It is obvious from level II as to the requirement. If they show your 2000 shares then they have to be ready to eat 500 shares that they might not want to buy.
gilead: They don't have to show your bid. If it is above the 2500 share size requirement (at that price level) then nowadays they will usually show it. However not all MM's will do so. ETRD is a sob that often does not do it for me.
The "candidates" call for a national id card for immigrants. To be shown so they can get a job. What they don't want to address is how is an employer going to know who to ask for that card? They won't support an ID card for every citizen that would be required to get a job, so they will pretend it is not an issue. Watch how they dance when the question is asked.
As I recall the last attempt was the I-9 form, what a joke that was. The employer is/was required to make copies of the employee's id and keep it in a file. In my 15 years plus of owning a business nobody ever came and looked at those forms. I never knowingly hired an illegal, but how was I to know if the id was legit.
Both sides of this issue are wrong and they eventually might compromise on some watered down version of a bill. The trouble is they won't close up the borders and enforce the law against hiring illegals.
bbotcs: almost never agree with you. however on this issue... Bush should resign...YES... Cheney should go with him... Of course President Pelosi would not be to your taste. LOL
On the immigration issue I am a true conservative even though it goes against traditional liberal points of view. My grandparents came to this country legally and that is what I expect of others. None of the candidates will be honest and tell it like it is.
CLOSE THE DAMN BORDER FIRST...
I really enjoy watching Chris Mathews skewer every guest who comes on his show about this issue. You would think you were watching a raging conservative talk show host. He always comes across as the most rational guy on this issue.
CFSG: New 52 week highs the last 3 days. Found this posted on Raging Bull.
The Motley Fool "Global Gains" email re: CFSG
The Motley Fool folks are currently in China doing site visits looking for "The Next Century's Best Gains".
They visited China Fire yesterday, and the email below is what they sent following that visit.
http://www.fool.com/investing/international/2007/05/25/get-the-next-centurys-best-gains.aspx?source=...
The 10-Foot Tall Fireball.
Are the stock markets really that insane in China?
That was one of the questions we hoped to answer on this trip around the world. The short answer: Yes. Folks are pulling money from every conceivable place, borrowing when they can, to flat out plow everything into equities.
And why not? The Chinese market is up some 150% over the trailing 12-month period.
Bear in the china shop.
While fundamental investors remain wary, such is not the case with many of these first-time Chinese investors. They aren't buying based on cash flows, earnings, or anything of the sort.
They're buying in droves because Uncle Hu says to. Or because the company's registration number, as The Wall Street Journal reported recently, contains lots of lucky number eights.
Woe betide the company whose shares close at RMB4.44, since 4 (su) is similar to the word for death.
Strategies these are not.
In other words, the average Chinese punter is buying on anything. Or nothing. Same difference.
But this "buy on the 8, sell on the 4" mentality is not so much different from that of U.S. investors who bought dot-com companies en masse on the basis of things like "eyeballs." And something else is happening that bears an eerie similarity to the U.S. markets in the late 1990s: Steadily growing companies that generate free cash flow are being left in the dust.
In an overheated market, these are precisely the companies we want to discover.
Enter a 10-foot tall fireball.
When we landed in Beijing, a young, smart entrepreneur named Brian Lin picked us up from the airport and whisked us away to his company's facilities a mere five minutes away (with a detour for an unbelievable meal, which may or may not have included duck tongue).
Neither Mr. Lin nor his company is flashy. Rather, he heads up a small firm with a wide market opportunity that's poised to dominate its niche. It expects to grow earnings per share over 50% in the forthcoming year and boasts a rock solid balance sheet.
Even better, when it comes time to write the rules that govern the industry, the Chinese government turns to Mr. Lin and his team of experts, including Research Director Liu Min, Ph.D.
All that said, what truly sets China Fire & Security Group (OTC BB: CFSG.OB) apart from its Chinese peers is that it trades for 15 times earnings. If you wanted to buy the rest of the Chinese market, you'd have to pay approximately 40 times.
Of course, China Fire still comes with some clear risks. It's small; it trades over-the-counter in low volumes; and with just 3% of market share, it can hardly be called a dominant player.
So what does China Fire do exactly? You'll never guess.
Well, maybe you will.
True to its name, China Fire detects and destroys industrial fires. Even better, its system can do so with finely misted water. That's a huge advantage over chemical solutions -- equipment that's been misted can resume operations in a day; equipment that's been contaminated can need a month or more to cool off.
And that time on the bench can cost industrial companies (the type China Fire targets)serious money.
You don't need us to tell you that Chinese industry is growing rapidly. But that's not the only opportunity for China Fire. It's also scoring business retrofitting industrial plants that heretofore ignored the need for fire detectors and sprinklers in their facilities. The government has ruled that they can't do so forever --and any plant manager that fails to bring his plant up to code will be held personally accountable.
With a Nasdaq listing on the horizon and a new focus in China on doing things the right way, China Fire sits in a very interesting sweet spot. Also, because it's small and trades solely in the United States, it has been largely ignored by the recent Chinese insanity. We'd be lying if we said that combination didn't intrigue us.
Bill Mann
Advisor, Global Gains
Tim Hanson
Writer/Analyst, Global Gains
OT: Len, that ain't nothing. I was unwillingly a part of a $1.00 stock going into the $40.00 dollar range. We of course were short in our trading account. OUCH ... I made the people responsible for that move pay me back for the loss. Stock does not exist anymore, was a complete scam but the squeeze was so good that they had to cover. The clearing agent bought the shares in .
I hereby swear to vote for Fred if you pledge to stop posting about him.
PDNL: Tiny float, inactive company that almost never trades. A few shares traded the other day. Don't know why? Could be shell for sale or some other things happening. Used to know someone involved with it, no longer have any insights. Just thought it would be worth a mention as 95,000 share float mostly owned by the insider could move fast at some point.