Farm the turd -- beat the herd
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TSTC sweet move today
GFRE bouncing
good Macau casino stock is AERL, check er out
Puda Coal sees 80 pct profit rise in 2011 on new coal biz 03/24 05:42 PM
(Refiles to change dateline to Yuncheng, China)
YUNCHENG, China, March 25 (Reuters) - Puda Coal Inc (PUDA:$11.31,00$0.1300,1.16%) , an independent coking coal producer in northern China'sShanxi province, expects net income this year to increase by more than 80 percent with the addition of its new thermal coal business, a company executive said on Friday.
The company won government approvals during the past two years to take over nine thermal coal mines and four metallurgical coal mines in the southern part of Shanxi, China's largest coal producing province after Inner Mongolia.
The company has completed purchases of the nine thermal coal mines, and construction and expansion of some of the mines are under way, which would add some 840,000 tonnes of coal output this year, Chief Financial Officer Laby Wu told Reuters while visiting one of the mine shafts.
"Purchase negotiations of the four metallurgical coal mines were continuing," she said.
Wu said she expects the company will double its revenue and triple its net income by 2012 from the levels in 2010 when the thermal coal business reaches its full production capacity of 3.5 million tonnes per year.
Puda made $23.5 million in net income on revenues of $324.8 million in 2010, a sharp rise from a year earlier, as coking coal prices recovered from the lows in 2009 when demand weakened amid the global financial crisis.
The Shanxi government selected and aided bigger coal miners, many state-owned, to take over smaller peers in the past several years, in a bid to improve industry safety and efficiency. Most small and private miners have since been forced out of the business or have given up control of the business. (Reported by Jim Bai and Chen Aizhu; Editing by Ken Wills)
CHHE - 8k
On March 23, 2011, the board of directors of China Health Industries Holdings, Inc. (hereinafter referred to as “we,” “us,” “our,” or the “Company”) dismissed E-Fang Accountancy Corp. & CPA (“E-Fang”) as our independent registered public accounting firm and appointed Windes & McClaughry Accountancy Corporation (“Windes”) as our new independent registered public accounting firm. The decision to appoint Windes as our new independent registered public accounting firm was approved by our board of directors on March 23, 2011.
The reports of E-Fang on our financial statements for each of the past two fiscal years contained no adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During our two most recent fiscal years and through the date of this report, we have had no disagreements with E-Fang on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of E-Fang, would have caused it to make reference to the subject matter of such disagreements in its report on our financial statements for such periods.
During our two most recent fiscal years and through the date of this report, there have been no reportable events as defined under Item 304(a)(1)(v) of Regulation S-K adopted by the SEC.
We provided E-Fang with a copy of this disclosure before its filing with the SEC. We requested that E-Fang provide us with a letter addressed to the SEC stating whether or not it agrees with the above statements, and we received a letter from E-Fang stating that it agrees with the above statements. A copy of this letter is filed as an exhibit to this report and is incorporated herein by reference.
New Independent Registered Public Accounting Firm
Our board of directors appointed Windes as our new independent registered public accounting firm effective as of March 23, 2011. During the two most recent fiscal years and through the date of our engagement, we did not consult with Windes regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, or (2) any matter that was either the subject of a disagreement (as defined in Regulation S-K Item 304(a)(1)(v)), during the two most recent fiscal years.
Prior to engaging Windes, Windes did not provide our Company with either written or oral advice that was an important factor considered by our Company in reaching a decision to change our independent registered public accounting firm from E-Fang to Windes.
BWOW 2.01, wow
GFRE rape on volume
GFRE - nice bounce from lod
Kicking myself for selling BOBS at 8....been waiting for a re-entry ever since
NEWN - Effective March 18, 2011, Mr. Fushun Li resigned as a director of New Energy Systems Group, a Nevada corporation (the “Company”) for personal reasons. There were no disagreements between Mr. Li and the Company or any officer or director of the Company which led to Mr. Li’s resignation.
Effective March 18, 2011, Mr. Fushun Li resigned as a director of New Energy Systems Group, a Nevada corporation (the “Company”) for personal reasons. There were no disagreements between Mr. Li and the Company or any officer or director of the Company which led to Mr. Li’s resignation.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Jiangsu Zhenyu Environmental Protection Technology Co., Ltd.:
We have audited the accompanying balance sheets of Jiangsu Zhenyu Environmental Protection Technology Co., Ltd. as of September 30, 2009 and 2008, and the related statements of income, shareholders’ equity and comprehensive income, and cash flows for each of the years in the two-year period ended September 30, 2009. Jiangsu Zhenyu Environmental Protection Technology Co., Ltd.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Jiangsu Zhenyu Environmental Protection Technology Co., Ltd. as of September 30, 2009 and 2008, and the results of its operations and its cash flows for each of the years in the two-year period ended September 30, 2009 in conformity with accounting principles generally accepted in the United States of America.
/s/ Friedman LLP
Friedman LLP
Marlton, New Jersey
February 2, 2010
CEO /Director Bios
Li, Boping (48)
Mr. Boping Li serves as Chairman of the Board, President, Chief Executive Officer of T O D Taste On Demand Inc. He is Founder, Chairman and Chief Executive Officer of Zhenyu. Mr. Li served as Chairman and Chief Executive Officer of Zhenyu since September 1992. Prior to that, he was Vice Manager of Yixing Gaocheng Fiber Glass Equipment Factory from October 1987 to August 1992. Prior to that, he was Production Director of Yixing Gaocheng Glass Factory from May 1981 to September 1987. Mr. Li graduated from Nanjing University of Science and Technology with a bachelor degree in business administration.
Wu, Yuqiang (33)
Mr. Yuqiang Wu serves as Director of T O D Taste On Demand Inc. He was Vice President of Zhenyu and Director of Jiangsu Jinyu Environmental Engineering Co. Ltd. Mr. Wu joined the Company in August 2005. Prior to that, he served as Vice President and Finance Director of Yixing Gaojinhechuang Co. Ltd from August 2000 to July 2005. Prior to that, he served as Finance Director of Yixing Circulating Water Equipment Company from August 1999 to July 2000. He graduated from Metallurgic College of Jiangsu University of Science & Technology majored in financial accounting.
Pink sheets explanation
Delisted due to a failure to meet NASD Rule 6530
What is the current NASD Eligibility Rule 6530?
NASD Rule 6530, also known as the Eligibility Rule, requires that an issuer be current in its required periodic financial reports in order to be eligible for quotation on the OTCBB.
Following removal under this new rule, an issuer’s securities would again become eligible for quotation on the OTCBB when the issuer has filed periodic reports for one year in a timely manner.
CFO Bio
Ping Ye serves as Chief Financial Officer of China Environmental Protection, Inc. Ms. Ye also worked for American International Group Inc. (AIG), the Museum of Fine Arts in Boston from September 2001 to February 2005 and MIT from May 2005 to January 2007. Ms. Ye served as Vice-President of Finance and Accounting for USI Insurance Services, a Goldman Sachs private equity holding from January 2007 to July 2009. She is a US Certified Public Accountant (CPA) with over sixteen years’ experience working in public and private sectors, including the banking industry in China and the public accounting firm of Arthur Andersen in the US, supervising and performing audits from March 1998 to January 2001. Ms. Ye earned a Bachelors of Business Administration summa cum laude majoring in Accounting from Baruch College, City University of New York. She also holds an MBA from the Wharton School, University of Pennsylvania.
Give it a rest, you've stated your case
CTXIF - China Linen Textile Industry Limited to Host Fourth Quarter and Full Year 2010 Earnings Conference Call on April 4, 2011 at 4:30
I really like the wastewater sector in China, and CIWT is another company I am looking at buying on any further dips. They should post around .29c diluted eps for the year, which a p/e of around 4.5. They have over 800 customers, including many multinational corps.
http://sec.gov/Archives/edgar/data/763846/000114420411013089/v213752_ex99-1.htm
Doing some digging on CNVP, currently my most silent holding (besides CGDI). Found this bio on the CFO, most impressive:
Ping Ye serves as Chief Financial Officer of China Environmental Protection, Inc. Ms. Ye also worked for American International Group Inc. (AIG), the Museum of Fine Arts in Boston from September 2001 to February 2005 and MIT from May 2005 to January 2007. Ms. Ye served as Vice-President of Finance and Accounting for USI Insurance Services, a Goldman Sachs private equity holding from January 2007 to July 2009. She is a US Certified Public Accountant (CPA) with over sixteen years’ experience working in public and private sectors, including the banking industry in China and the public accounting firm of Arthur Andersen in the US, supervising and performing audits from March 1998 to January 2001. Ms. Ye earned a Bachelors of Business Administration summa cum laude majoring in Accounting from Baruch College, City University of New York. She also holds an MBA from the Wharton School, University of Pennsylvania.
Delisted due to a failure to meet NASD Rule 6530
What is the current NASD Eligibility Rule 6530?
NASD Rule 6530, also known as the Eligibility Rule, requires that an issuer be current in its required periodic financial reports in order to be eligible for quotation on the OTCBB.
Following removal under this new rule, an issuer’s securities would again become eligible for quotation on the OTCBB when the issuer has filed periodic reports for one year in a timely manner.
DGW - Duoyuan Global Water Inc. Reports Fourth Quarter and Full Year 2010 Financial Results
FY10 Revenue Up 30.1% to RMB1.0 Billion 03/22 01:01 PM
FY10 Diluted Earnings per ADS of $1.50
4Q10 Revenue Up 13.7% to RMB220.4 Million
4Q10 Diluted Earnings per ADS of $0.30
Live Conference Call to be Held Tomorrow at 8:00 AM U.S. Eastern Time
YONG - Yongye International Forms Partnership with China Agricultural University 03/22 05:00 AM
BEIJING, March 22, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (YONG:$6.22,00$-0.20,00-3.12%) , a leading agricultural nutrient company in China ("Yongye (YONG:$6.22,00$-0.20,00-3.12%) " or the "Company"), today announced it has entered into an official partnership with China Agricultural University to provide technical support to Chinese farmers.
Yongye (YONG:$6.22,00$-0.20,00-3.12%) 's staff will work with the Phytopathology Institute of China Agricultural University as well as leverage the Company's distribution network to promote the practical application of agriculture technology in rural areas across China. The Phytopathology Institute of China Agricultural University is the leading plant pathology research institute in China and has been in operation for over a century.
wish we could get tstc to move like that
VIT - Vanceinfo Buys 100% Equity Interest In Bright Consulting
VanceInfo: Bd OKs Buyback Of Up To $40M Of ADSs
VanceInfo Announces Share Repurchase Plan and Acquisition of Oracle Consulting Firm 03/21 05:49 AM
BEIJING, March 21, 2011 /PRNewswire-Asia/ -- VanceInfo Technologies Inc. (VIT:$28.6000,$0.0000,0.00%) , an IT service provider and one of the leading offshore software development companies in China, today announced that its Board of Directors has approved a share repurchase program, effective March 2011. Under the program, VanceInfo (VIT:$28.6000,$0.0000,0.00%) has been authorized, but is not obligated, to repurchase up to $40 million worth of outstanding American Depositary Shares (ADSs) representing the ordinary shares of VanceInfo (VIT:$28.6000,$0.0000,0.00%) from time to time over the next 12 months, depending on market conditions, share price and other factors, as well as subject to the relevant rules under US securities regulations.
The share repurchase program will be funded by the Company's 2011 free cash flow as well as existing working capital. As of December 31, 2010, the Company had cash, cash equivalents and marketable securities of approximately US$181.7 million.
As of December 31, 2010, the Company had 44,556,910 ordinary shares issued and outstanding.
In early March 2011, VanceInfo (VIT:$28.6000,$0.0000,0.00%) acquired 100% equity interest in Bright Consulting (Beijing) Limited("Bright"), a China-based IT services company providing Oracle consulting and implementation services to Chinese domestic clients. Under the terms of the acquisition agreement, VanceInfo (VIT:$28.6000,$0.0000,0.00%) will pay an initial consideration of approximately $0.7 million in cash and stock. Contingent
consideration will be paid based on Bright's financial performance in the next 24 months. Bright generated approximately $1.5 million in net revenues in 2010. The acquisition aims to strengthen VanceInfo (VIT:$28.6000,$0.0000,0.00%) 's domestic consulting capabilities, especially in the Oracle ERP area.
CHRM - Charm Communications Tops CCTV Rankings for Advertising Agencies
Eighth Straight Year at the Top for Charm 03/21 03:00 AM
BEIJING, March 21, 2011 /PRNewswire-Asia-FirstCall/ -- Charm Communications Inc. (CHRM:$10.21,00$-0.13,00-1.26%) , China's leading domestic advertising agency, has been named China Central Television's ("CCTV") top advertising agency for the eighth consecutive year and ninth time overall, cementing its position as the go-to agency for advertisers on China's largest television network.
At CCTV's 2010 Top 10 Advertising Agencies Award ceremony held in March 2011, Charm was awarded the title of "Top Advertising Agency" based on the total amount of advertising spending placed on behalf of clients on CCTV. Charm has also been in the top 10 rankings for each of the past 14 years.
"Driven by a robust domestic economy, China's advertising market achieved tremendous growth in 2010. Currently, television, which is the only medium to reach 99% of China's 1.3 billion population, still accounts for over 70% of China's total advertising spending, and CCTV remains the clear leader within television advertising," Mr. He Dang, founder, chairman and CEO of Charm, said upon accepting the award. "Over the past decade, we have successfully leveraged our achievements on CCTV into a leading market position in the television advertising space. As the media landscape and client demands continue to rapidly evolve, we will remain focused on building an integrated advertising platform, linking the brand-building value of television with the targeted and return-driven nature of new media, especially the Internet."
About the "CCTV's Top Ten Advertising Agencies" Award
To reward advertising agencies for their outstanding contribution and strong support for the network, CCTV presents a number of awards including "Top 10 Advertising Agencies" in March every year. The prizes are presented by leaders of the State Administration for Industry and Commerce ("SAIC"), the State Administration of Radio, Film and Television ("SARFT") and CCTV.
YONG - Yongye International Receives China Corporate Integrity Award 03/21 05:00 AM
BEIJING, March 21, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (YONG:$6.42,00$-0.28,00-4.18%) , a leading agricultural nutrient company in China, today announced that the Company's operating affiliate, Yongye Nongfeng, received the 3rd annual "China Corporate Integrity Award" (the "Award") on March 15, 2011.
The Award was bestowed by National Business Daily, Sohu.com, and over 20 domestic mainstream media organizations. Over 600 domestic enterprises were considered and there were 50 award winners. Yongye Nongfeng was recognized under the category of "Corporate Social Responsibility" and was the only award winner from the fertilizer/nutrient industry. Other award winners included Lexus, Peugeot Auto, Mengniu, LG, Lufthansa, etc. National Business Daily is a leading business media in China with a daily distribution volume of 150,000 copies. The full award results are officially listed on National Business Daily website at http://www.nbd.com.cn/zhuanti/315/m.html .
"We are honored to receive this high profile award on National Consumer Rights Day (March 15th is the National Consumer Rights Day of China)," stated Mr. Zishen Wu, Chairman and Chief Executive Officer. "Our corporate values are consistent with our mission of increasing the living standards of farmers and improving the quality of agricultural products. We will continue our efforts to help more Chinese farmers improve their harvests through the application of our products."
The only Brazilian stock I have done any amount of dd on is BOBS, and I propose this stock as an excellent first Brazilian Growth Stocks discussion.
http://www.bffc.com.br/eng/index.asp
http://www.bobs.com.br/
Fiscal Year 2010 Highlights
System-wide sales totaled R$ 795.9 million, up 12.3% from 2009
Revenue totaled R$ 206.3 million, up 11.6% from 2009
Points of sale totaled 789 at the end of 2010, up from 681 at the end of 2009
EBITDA was R$26.1 million compared to R$ 17.8 million in 2009
Operating income was R$19.2 million, up 60.1% from 2009
Net income was R$11.7 million, or R$1.43 per basic and diluted share
Fourth Quarter 2010 Highlights
System-wide sales totaled R$ 234.5 million, up 12.5% from the fourth quarter 2009
Revenue totaled R$ 56.2 million, up 7.8% from the fourth quarter 2009
EBITDA was R$8.1 million compared to R$ 7.6 million in the fourth quarter 2009
Operating income was R$6.1 million, up 17.0% from the fourth quarter 2009
Net income was R$4.2 million, or R$0.52 per basic and diluted share
Business Outlook
“The outlook for our business remains positive. The recently elected new President, Mrs. Dilma Rousseff, is widely expected to follow the same successful economic policies of her predecessor, which we expect, will create a favorable environment for the continued growth of our business. In addition, we expect to benefit from spending associated with the infrastructure build-out to support the World Cup and the Olympics which will be hosted in Brazil in 2014 and 2016, respectively” said Mr. Ricardo Bomeny, President and CEO of Brazil Fast Food. “Looking ahead, we plan to continue to pursue our multi-brand strategy with a focus on improving our operating efficiency to deliver profitable growth for our investors in the years ahead,” concluded Mr. Bomeny.
About Brazil Fast Food Corp.
Brazil Fast Food Corp. owns and operates, both directly and through franchisees, the second largest fast-food restaurant chain in Brazil. The Bob’s trade name is used by Venbo Comércio de Alimentos Ltda., a subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda (formerly 22N Participações Ltda.). The “KFC” trade name is used by CFK Comércio de Alimentos Ltda. (formerly Clematis Indústria e Comércio de alimentos e Participações Ltda.), also a holding company subsidiary. The “Pizza Hut” trade name is used by Internacional Restaurantes do Brasil (“IRB”), also a 60% subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda. Recently, the Company entered into an agreement with Grupo de Empresas Doggis S.A (“GED”) to cross-franchise the Bob’s and Doggis brands in Chile and Brazil, respectively. Brazil Fast Food will control the Doggis master franchise in Brazil and GED will control the Bob’s master franchise in Chile.
Similar idea: there used to be a "US Growth Stocks" board that white tiger, ie Maj moderated. I can't seem to find this board (or the white tiger username). Got some good stocks off that, and like this idea of a "Value Growth Stocks" board that would encompass both Chinese, other emerging market and US growth stocks. There is simply too much collective wisdom here to have the gang gradually disband. I hope this idea won't be shrugged off as a "bitter-Rato post".
Thank you sir for your rational approach. You are a very valuable component of this board. Regardless of the friction you've caused, I for one am thrilled to see you stick around.
AUTC - wowsa
Duoyuan subpoenaed by SEC on possible securities fraud
YONG tank on volume
i'd steer clear of djsp, they are delisting
Congrats! Hang in there!
This ought to be good:
TXIC - Tongxin International to Host Conference Call
Call Scheduled for Tuesday, March 22, 2011, at 8:00 AM Eastern Daylight Time 03/17 03:08 PM
CHANGSHA, CHINA -- (MARKET WIRE) -- 03/17/11 -- Tongxin International, Ltd. (TXIC:$0.9400,$-0.0300,-3.09%) , a China-based manufacturer of engineered vehicle body structures ("EVBS") and stamped parts for the commercial automotive industry, announced today that a conference call has been scheduled for Tuesday, March 22th, 2011 at 8:00 A.M. Eastern Daylight Time. The purpose of the call is to discuss the Company's recently filed 6K as well as recent Company developments, and will include Q & A. William E. Zielke, CEO, will present opening remarks and Thomas Chang, VP of Finance, will conduct the call and answer questions from participants.
Domestic participants may dial (888) 567-1602 and international participants may dial (201) 604-5049 or toll free 800-4747-4646 to listen to the live broadcast. Additionally, a live webcast will be available. Please visit http://www.visualwebcaster.com/event.asp?id=77626. Persons unable to participate during the live session may listen to a recorded playback of the conference call by dialing 888-632-8973 domestically and 201-499-0429 internationally. The code for playback is (82870613) followed by the # sign.
on watch for prez speech in 15 min