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Link to Carson Block's disbarring in NY anywhere?
Friend of Citron???
@TKutrada Nothing on $CCME yet. Let the excitement of the bold headline article suck in the sheep, THEN slaughter. I'll post when I hit it.
— Legacy Trades (@Legacy_Trades) January 27, 2011
If anyone downloaded the Muddy Waters report I suggest emailing a copy or link to:
BillCara@CaraTrading.com
He has been looking into Muddy Waters and making some pertinent comments but has been unable to get the CCME report
http://caracommunity.com/content/bill-caras-blog-feb-4-2011#comment-79045
Good to get exposure at this respected blog.
Agreed seems oversold but has continued to drop for a few days after similar big drop days in the past.
To get some law firm interested in pursuing our side of the case there has to be a carrot. Locking up Andrew Left or Carson Block might be fun but doesn't put dinner on anybody's table as I am sure their assets are small or elsewhere.
As Muddy Waters would appear to be a front for WAB Capital can that link be solidified enough to go after them? Can the co-conspirators be identified in any way?
Phew - almost a really bad day w/ CCME and PWER. Sold at 3:58 for 10% gain.
Geoinvesting looking for input to their on the ground DD into Citron allegations.
http://www.geoinvesting.com/forums/yaf_postsm5335_CCME-DD-Journal-Opened-Feb-2-2010-Bob-and.aspx#singleMsg
Looking forward to earnings day short squeeze like PWER today.
I am more concerned by what Northland did after the discussion had taken place.
Reportedly they preannounced the hit piece to their clients suggesting lower PPS was on way. Did they themselves also profit from this advance knowledge?
I imagine Northland have legal consultations underway. From the outside we know that Andrew Left & Darren Aftahi had a conversation. The results of the conversation were that Andrew Left had a quote for his hit piece and that Northland informed its clients that hit piece was on its way precipitating a drop in CCME PPS and an opportunity for their clients to make money. While most of us believe Darren was duped others might see collusion.
Oh to have a forward PE of 33 (the average of the other stocks on the list according to finviz).
Not difficult to see where the most value is....
In answer to CAPS question - not recent news....
http://biz.yahoo.com/e/101112/caps8-k.html
No - still trading enthusiastically!
Maybe not yet...
http://kerrisdalecap.com/blog.php
Looks like CSUN will be measurably cheaper than others in the China solar space at the end of the current quarter. Longer term future will depend on their execution of vertical integration strategy.
Stock /Price/Projected TTM Earnings at end current qtr/ Projected P/E at end current qtr/Earnings Beat Rate last 6 qtrs
CSUN 4.41 1.31 3.4 83%
JASO 7.68 1.35 5.7 67%
JKS 27.78 4.71 5.9 67%
LDK 11.23 1.75 6.4 67%
YGE 10.6 1.28 8.3 33%
TSL 23.43 2.78 8.4 83%
CSIQ 14.54 1.22 11.9 50%
SOL 9.84 1.95 5.0 67%
It will be interesting to compare STV response with that for SHMR to see relative attitudes to China / Israel space.
http://finviz.com/quote.ashx?t=shmr
Thanks I'll look at CBLI.
I think value has answered your question appropriately.
To get a feel for price variability and probability try downloading historical prices ie
http://www.google.com/finance/historical?q=NASDAQ:CCME
and testing what is probability of next day gain or loss after a rise like today.
You'll find examples of both gains & losses...and probably need to look at potential reasons for both.
Stock ran strongly into options expiration last month. From 12.27 on Tuesday close to $16.20 on Friday close.
Hopefully we are seeing a repeat performance this week.
CSUN beats 0.37 vs 0.20. Projects ~20% increase in shipments in next qtr but at 17% less margin. Challenging resistance at $5 in PM.
The factors that go into the IBD100 calculation include a measure of relative strength. I think at a simplistic level this is stock price appreciation over the previous 12 months.
Despite the recent ramp up this measure is 62.8% for CCME (via Finviz) which is considerably lower than that for the top ten.
As to to the relative weighting between earnings and revenue growth versus relative strength this would take a little work to estimate.
NF Energy Saving Corporation Announces Third Quarter 2010 Results
Nov 12, 2010 07:00:00 (ET)
SHENYANG, Liaoning, China, Nov. 12, 2010 /PRNewswire via COMTEX/ -- NF Energy Saving Corporation. (NFEC, Trade ) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today reported financial results for its third quarter ended September 30, 2010.
Third Quarter 2010 Highlights
Revenues increased 6.3% year-over-year to $8.1 million
Gross profit rose 4.8% year-over-year to $2.9 million, representing a gross margin of 35.4% compared to 35.9% in the year ago period
GAAP net income was $2.1 million or $0.38 per diluted share, representing a net margin of 25.7%
Common stock listed on NASDAQ Global Market
"We are pleased with our third quarter operating results, particularly since the business was affected significantly by the move to our new facility during the quarter," noted Mr. Gang Li, Chief Executive Officer of NF Energy Saving Corporation. "The logistics involved in moving and temporarily shutting down our largest machines meant deferring product deliveries until the fourth quarter and subcontracting work to third parties. Even so, we more than made up these revenue declines by increased project revenues from the sale of power from biomass and other projects and from increased service revenues and from taking on subcontracting work of our own to utilize spare capacity on our smaller machines."
Third Quarter 2010 Results
NF Energy has three business segments: (1) the products segment which includes flow control equipment (valves) and energy saving equipment (wind power components); (2) the services segment which includes auditing, consulting, project reporting, and outsourced production; and, (3) the project segment which consists of project design and implementation as well as revenue sharing with third parties related to work on projects. Revenue for the third quarter of 2010 increased 6.3% to $8.1 million, from $7.6 million in the same period of 2009. The growth in revenue is primarily attributable to a significant increase in revenues from the Company's services and projects segments, which was offset by a decline in revenue for the products segment. The decline in product revenue was attributable to the Company's move to its new manufacturing facility which caused the Company to delay filling some product orders.
Gross profit for the third quarter of 2010 was $2.9 million, an increase of 4.8% over the $2.7 million in gross profit generated in the third quarter of 2009. The increase in gross profit was largely the result of higher revenues and lower raw materials prices in the projects segment compared to the prior year quarter. Gross margin for the third quarter of 2010 was 35.4% compared to 35.9% during the same period of 2009. The decline in gross margins was primarily the result of lower gross margins in the services segment as the Company provided more services on government related projects compared to the prior year quarter for which the Company cannot pass on price increases on raw materials costs to the customer and was also the result of lower margin subcontracting revenues.
Operating expenses in the third quarter increased 40.2% to $0.3 million, from $0.2 million in the same period of the prior year. The increase in operating expenses was the result of expenses associated with the move to the Company's new manufacturing facility and expenses related to the Company's common stock listing on the NASDAQ Global Market.
Income from operations for the third quarter of 2010 was $2.5 million, an increase of 1.6% from the $2.5 million of income from operations generated in the year ago period. Operating margins declined to 31.4% from 32.9% in the year ago period.
Net income for the 2010 third quarter was $2.1 million, or $0.38 per diluted share compared to net income of $2.2 million or $0.40 per diluted share in the third quarter of 2009.
Financial Condition
As of September 30, 2010, the Company had $0.5 million in cash and cash equivalents compared to $0.2 million in cash and cash equivalents on December 31, 2009.
The Company generated $3.1 million in net cash from operating activities for the nine months ending September 30, 2010, compared to $2.8 million in the same period of 2009.
Recent Events and Updates
On August 23, 2010, NF Energy announced the signing of a contract with PT. Multinas Indonesia for technical consultancy services and energy saving drying and cooling equipment from which the Company expects to generate U.S. GAAP revenue of $290,000. NF Energy will provide technical consultancy services (comprising approximately 50% of the total revenue), in addition to energy saving drying and cooling equipment (accounting for the remaining 50% of the total contractual revenue).
On September 14, 2010, NF Energy announced the signing of a contract for work on an energy saving project with Fuxin HF Bio-energy Development Company for which the Company expects to generate U.S. GAAP revenue of approximately $882,000, all of which will be recorded in the fourth quarter of 2010. NF Energy will provide technical consultancy and project design, including equipment set up and testing. The project will help 800 households in the Fuxin Mongolian Autonomous County of Liaoning province China upgrade their energy system by transitioning to a clean energy source that will use crop waste and straw. The principal objective of the project is to develop bio-fuels to replace the previous coal powered energy source, reducing coal utilization by 15,000 tons per year thereby lowering environmental pollution.
On September 28, 2010, NF Energy announced that it had received certification as a recognized "Energy Service Company" by the National Development and Reform Commission (NDRC), one of China's main economic planning agencies, qualifying NF Energy to bid on energy conservation reconstruction projects that enjoy preferential benefits from the government of China, including income tax deductions, value-added tax and business tax exemptions, government-encouraged financing and direct government subsidies.
On October 4, 2010, NF Energy's common stock began trading under the symbol "NFEC" on the NASDAQ Global Market. As part of the Company's efforts to list on the NASDAQ Global Market, NF Energy executed a 2.5-for-1 reverse split of its common stock that was effective with the opening of the stock market on September 16, 2010.
On October 25, 2010, NF Energy announced that it had signed an agreement with the Gaizhou municipal government's Gaizhou Gas Industry Company to jointly invest in the Gaizhou Biomass Gas Supply Project. Once fully operational, the project is projected to generate revenue of up to RMB 96 million annually (approximately $14.1 million) and save 40,600 tons of standard coal per year. The total cost of the project is expected to amount to RMB 240 million (approximately $35.5 million). The two companies will split revenues generated from the project according to their respective investments, with NF Energy investing 62.2% of the capital required over a two-year time frame and Gaizhou Gas contributing the remaining 37.8%. NF Energy will be responsible for managing the project, including project design and construction.
Guidance and Business Outlook
NF Energy continues to anticipate full fiscal year 2010 revenue to be in the range of $28 million to $30 million and net income to be in the range of $5.6 million to $6.0 million. The estimation excludes any possible additional expenses arising from the Company's upgrade to the NASDAQ or any financing expense. Successful on time completion of the testing phase of the manufacturing equipment at the new facility is also assumed by the aforementioned financial expectations.
How about CSUN?
Earnings Monday. Other Chinese solars beating estimates.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56391653
Bullish ascending triangle chart
http://finviz.com/quote.ashx?t=csun
Me too - following up on $4.90 a couple of days ago.
Interesting trading today - buyers happy to pay >$5.50 and seller happy to accept $5. Will try to facilitate both..
4 weeks ago Chinese small caps were undoubtedly the deepest value opportunities out there. The amazing thing is that despite major moves to the upside there are many stocks trading >25% below their previous 52 week highs despite increasing earnings since the high. So I am pretty sure there is more to come.
A quick look through
http://finviz.com/screener.ashx?v=111&f=geo_china
identifies sizeable opportunities in stocks such such as ALN,AMCF,BSPM,CBPO,CEU,CFSG,CELM,CNGL,GFRE,NEP,NIV,LLEN,RINO,SKBI,TSTC,SPU, YUII & ZSTN
I own 9 of them and need to look at the others!
Tough being a private investor anywhere. I observed "in the know" investors exiting the day or two before profit warnings in US growth stocks such as MYGN, ANCI, DGIT over the last 18 months. So I decided owning a basket of value priced Chinese growth stocks was less risky than holding P/E >20 US based ones.
The bear raid by institutional investors in AVNR last Friday no doubt screwed a lot of private investors too. Fortunately the knowledgeable community at http://investorshub.advfn.com/boards/board.aspx?board_id=9413 helped me profit rather than lose from the situation.
Don't know if you have read this:
http://geoinvesting.com/geowire/273/the_sec_vs_saic_fact_finding_mission
Smarter people than me think ZSTN is good buy (Zacks Rank Strong Buy) and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56242440
I'm comfortable with the idea that Chinese companies do things differently from American ones.
Been in since May (5.91) and will wait for it to go higher still.
Rather rake leaves and wait for response to Fed announcement than worry about Spruce Capital - they may be tall but they are still wood.
Breaking out again on high volume in advance of earnings release.
It's specifically designed for the Nasdaq so they would have to be listed there and meet his fundamental & technical criteria. Not sure how Nasdaq screener works but finviz id's LLEN & SCOK as US not China.
More visibility for CCME and others in the space:
http://caracommunity.com/content/setting-my-weekly-contribution-nasdaq-community
Bill Cara gets into ZSTN at the right time!
http://caracommunity.com/content/setting-my-weekly-contribution-nasdaq-community
Strong fundamentals and crossed 200d ma today - look for a strong move once it clears 7.1 or so.
Starting to make solid progress now ahead of the historically strong Q3 & Q4.
Did you listen to Rodman presentation? They sound like they know what they are doing and addressed concerns around cash and A/R saying that due to who their customers were the A/R were treated as cash by CADC suppliers so it was not a problem.
http://www.wsw.com/webcast/rrshq18/cadc/
Rames scores them low for cash and A/R. Otherwise good.
http://www.fixyou.co.uk/tracker_details.php?s=CADC
Will add more too.
>6x average volume - time for a bounce?
$12M in new contracts - new 52 week low - forward p/e 2.8 - PEG 0.2
what gives?
Based on Zack Buckley interview
Zack: LIP – what is the price per ton?
Mr Fu: While there is no international price, the current domestic price in China is ranging from $23810 USD to $24600. This depends on the raw material prices for lithium iron phosphate, which relies on lithium, iron ore and phosphate prices accordingly We expect to produce 160 tons in 2010, 700 tons in 2011 and 1400 tons in 2012.
looks like about $1M ish