This will be my last reply today as I only get three per day. I heard about GLCC through my daily email from Stock Egg. I must apologize for saying stockhouse earlier. This was the email I received. I have watched companies that stock egg had suggested for the last month and they were pretty good returns and obviously some not but that is the market!
Special Alert - GLCC
My new big pick is GLCC
GLCC is making a come back from the recent dip, this is a stock for advance traders and does carry some risk.
GLCC recently reported 2nd quarter revenues was up 45%, with profits up about 28%!! With that kind of growth, I expect GLCC to be trending higher.
In the last 3 months GLCC has made two significant pops. The first time in late May GLCC rallied up more than 1,000% and the second time over 500%!!!
GLCC is back at it's support level and could pop again any day. History has a tendency to repeat itself so make sure you keep a close eye on it.
View chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=glcc&sid=0&o_symb=glcc&freq=1&time=5
GLCC is doing business in a country who's population is growing at an insane rate.
It has been said that China's population increases each year by 12-13 million people!
Some of the best plays are coming out of China these days.
GLCC is one of the most successful and fastest growing chain of Convenience Stores in rural areas of Hebei Province, China.
GLCC has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,600 in 2007!
It is the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China.
I'm not sure if people are aware at how lucrative the convenience store sector is.
Here in the U.S., the convenience store industry, with 140655 stores across the U.S., posted $495.3 billion in total sales for 2005!
GLCC has announced an endorsement agreement with Olympic beach volleyball bronze medalist and 2008 US Olympic hopeful Elaine 'EY' Youngs.
"I've had a number of great sponsors in my career but I'm particularly flattered to work with Haorizi and Good Life China. Like so many athletes, I've been dreaming of China for a long time so to be singled out and sponsored by a Chinese based company is an honor.
The work that they do, providing convenience stores to the rural areas of China, is something that people here and in many parts of the world where I typically compete might take for granted. But Good Life China is providing places where people can find the things they need everyday.
I'm looking forward to working with them and hope to make them proud of our performance in Beijing," said Youngs.
GLCC expects to continue rapid expansion of its retail footprint through the next several years, and plans to begin launching stores in large urban areas beginning in 2008.
GLCC's current plans are to expand to 2,200 franchised stores in 2008, and reach upwards of up to 15,000 locations by the end of 2010.
China's population and busy economy is providing a great market for GLCC's other services.
GLCC's North American service is Cash Now 21.
"Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became effective on October 28, 2004. It is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient.
GLCC could see huge profits with this operation considering that the international check clearing market represents huge potential for growth.
For foreign markets such as Asia and South America that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. GLCC is intent on being first to market with as non-financial institution to offer this service.
While Check 21 is being increasingly adopted in the United States, it is quite a new concept internationally. Checks drawn on a U.S. Account, for deposit in international markets often take 30-45 days to clear, and sometimes even longer.
Cash Now 21 reduces the clearance time to a mere 3 business days or less!
Initial rollout of services is slated for the Chinese markets.
GLCC has received an overwhelming response from preliminary discussions with Chinese banks for their service. Most Chinese banks handle significant numbers of U.S. denominated checks.
More information on GLCC is available at their web site: http://www.goodlifechina.com
Please do your due diligence.
I'll pray that something turns this upwards. talk to you guys tomorrow