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1.05 5 MM FLOAT NASDAQ CHINA STOCK EXPLODING
SYBR:NASDAQ is a PROFITABLE $1.05 NASDAQ consumer product stock with CHINA SPICE MANUFACTURING OPERATIONS. SYBR is IMO BY FAR the most undervalued China stock on NASDAQ under $5:
-Tiny 5.8 MM Float
-$77 MM annual sales
-2 cents EPS last quarter (weakest quarter) Management expects continued improvement!!
WHEN WAS THE LAST TIME YOU SAW A PROFITABLE CONSUMER PRODUCT STOCK WITH NEARLY $80 MILLION SALES WITH A $10 MM MARKET CAP? SYBR WOULD STILL BE UNDERVALUED AT $3 WITH A $25 MM MARKET CAP (0.3 X SALES).
-SYBR rose from $2 to nearly $8 in 2004. IMO SYBR is set to go on a tear. SYBR is finally turning its business around with a great balance sheet and higher margins driving profits.
-The second half of the year is the strongest for SYBR especially Christmas. I expect $.05 EPS in Q3 and $.08 EPS in Q4.
FROM Q2 EARNINGS PR:
The Company plans to further expand into the Dominican Republic, Colombia, Israel and Canada and continue to expand its assembly operations in CHINA for retail spice production.
The Company reported a net profit of $164,000 as compared to a net loss of $406,000 for the quarter ended June 30, 2007 as compared to the quarter ended June 30, 2006.
SYBR Earnings Preannouncement?.. SYBR could go to $2 if they guide for $.05 this quarter IMO. Totally reasonable since they earned $.02 in last quarter- <b.their weakest quarter. They preannounced last quarter 2 weeks ahead of time. IMO SYBR will be the next SSTR. Will have a $100 MM sales run rate in 2008, margins increasing, $.25 2008 EPS likely I will provide projections later.
http://biz.yahoo.com/bw/070730/20070730005348.html?.v=1
SYBR is a WAY better branding stock buy than VBDG. SYBR is on NASDAQ, has only a 5.8 MM float, earned $.02 in its weakest quarter strong second half coming. I think SYBR will pre- annouce record earnings for Q3 this week- possibly $.05 EPS- SYBR could be next SSTR.
Could ILC FINALLY hit $1 on earnings this week?
Good sighn as always earnings reported before markety open.
http://biz.yahoo.com/bw/071016/20071016005387.html?.v=1
EMAK +20% 2.5 MM FLOAT $1.75 $3.50 Target:
From Beat the Dart:
12:04pm ... BUY EMAK Worldwide, Inc. (EMAK) - last $1.69 . EMAK offers marketing services company primarily in the United States and Europe. The company operates in three segments: Agency Services, Promotional Products, and Consumer Products. Driving profitable top-line growth is EMAK's priority as new business wins should improve margins With a true float of 2.3 million shares, management holding a commending position, and moderate institutional sponsorship, EMAK has superior value a "special situation" for midterm move with the $3.50 range. To further state our standing caveat: Consult with your investment professional before considering this idea.
EMAK +20% 2.5 MM FLOAT $1.75 $3.50 Target:
From Beat the Dart:
12:04pm ... BUY EMAK Worldwide, Inc. (EMAK) - last $1.69 . EMAK offers marketing services company primarily in the United States and Europe. The company operates in three segments: Agency Services, Promotional Products, and Consumer Products. Driving profitable top-line growth is EMAK's priority as new business wins should improve margins With a true float of 2.3 million shares, management holding a commending position, and moderate institutional sponsorship, EMAK has superior value a "special situation" for midterm move with the $3.50 range. To further state our standing caveat: Consult with your investment professional before considering this idea.
SYBR your welcome great stock I own a ton.
Thanks I'm glad I saw that almost bought.
Next SSTR: SYBR $1 Profitable stock 5 MM float $90 Million sales
SYBR:NASDAQ is IMO BY FAR the most undervalued stock on NASDAQ under $5
2 cents EPS last quarter (weakest quarter) Management expects continued improvement
5 Million float
Has current annual sales run rate close to $90 million.
I think SYBR will be the next SSTR- they will pre-announce shortly IMO. October was China season.. Every November is usually low float U.S stock season and I think SYBR will be $2.50 - $3 before year end, Reminds me of MAMA last year.
PHS increased its revenues by 41% to $21.3 million for quarter ended June 30, 2007 as compared to $15.2 million for the similar period in the prior year. The increase in PHS business is attributable to the further development of a private label grocery program designed to sell proprietary products, more specifically in the baking mix and spice markets, to national chains located in the United States and Canada, and organic growth in sales to its customers in the Northeastern Section of the United States. Several PHS vendors created special packaging with promotional pricing that enabled PHS to widen its profit margin. As an example, special packaging was created for Folgers, Marcal paper, Crest displays, Duracell and Gillette among others, with unique retail display features, that PHS has been able to strongly promote during FY 2007 as opposed to marketing those products for normal replenishment. PHS is also developing proprietary packaging for national chains in the baking mix and spice retail sectors to be displayed in unique planograms. The management believes that it can continue to improve its operating results. Net profit for this segment was $730,000 for the quarter ended June 30, 2007 as compared to a profit of $278,000 for the quarter ended June 30, 2006.
Next SSTR: SYBR $1 Profitable stock 5 MM float $90 Million sales
SYBR:NASDAQ is IMO BY FAR the most undervalued stock on NASDAQ under $5
2 cents EPS last quarter (weakest quarter) Management expects continued improvement
5 Million float
Has current annual sales run rate close to $90 million.
I think SYBR will be the next SSTR- they will pre-announce shortly IMO. October was China season.. Every November is usually low float U.S stock season and I think SYBR will be $2.50 - $3 before year end, Reminds me of MAMA last year.
PHS increased its revenues by 41% to $21.3 million for quarter ended June 30, 2007 as compared to $15.2 million for the similar period in the prior year. The increase in PHS business is attributable to the further development of a private label grocery program designed to sell proprietary products, more specifically in the baking mix and spice markets, to national chains located in the United States and Canada, and organic growth in sales to its customers in the Northeastern Section of the United States. Several PHS vendors created special packaging with promotional pricing that enabled PHS to widen its profit margin. As an example, special packaging was created for Folgers, Marcal paper, Crest displays, Duracell and Gillette among others, with unique retail display features, that PHS has been able to strongly promote during FY 2007 as opposed to marketing those products for normal replenishment. PHS is also developing proprietary packaging for national chains in the baking mix and spice retail sectors to be displayed in unique planograms. The management believes that it can continue to improve its operating results. Net profit for this segment was $730,000 for the quarter ended June 30, 2007 as compared to a profit of $278,000 for the quarter ended June 30, 2006.
CTEL worth $30 at 15 X EBITDA
CTEL is going higher, much much higher (IMO of course there are ALWAYS risks). CTEL reported about $25 Million US EBITDA for first 6 months, or about $50 Million annualized. Most Independengt telcoms trade at around 15 - 20 X EBITDA. If CTEL reaches 15 X EBITDA, ot will be over $30. At current prices of 4 X EBITDA CTEL is a BARGAIN.
(Hong Kong, 18 May 2007) City Telecom (HK) Limited (SEHK Stock Code : 1137; Nasdaq Ticker Symbol : CTEL) (“The Group”) today announced interim results of 2007 for the six months ended 28 February 2007. During the period under review, the Group returned to profitability with profits attributable to shareholders for 1H FY07 of HK$18.2 million, compared to a loss of HK$55.2 million for 1H FY06. Basic earnings per share amounted to HK3 cents (for the six months ended 28 February 2006 : Basic loss per share: HK9 cents).
For the six months to 28 February 2007, EBITDA margin increased from 18.8% to 33.5% year-on-year, delivering 71.9% growth in EBITDA to HK$188.2 million. The Group’s revenue has slightly decreased by 3.6% year-on-year to HK$562.3 million with a growth in FTNS by 9.9% to HK$398.8 million being insufficient to cover the 25.9% decline in IDD to HK$163.5 million. FTNS is now our dominant revenue component, contributing 70.9% of our total revenue.
Rate it:
really why? It has tons of shares out and I see tiny sales.
4 MM FLOAT CHINA DREAM STOCK + 20%
GAI:NYSE ($4.93) is a 4.3 MM float China semiconductor stock WITH $6.30 PER SHARE IN CASH AND REAL ESTATE. GAI rose 20% Friday but is just starting:
-$3.70 per share cash
-Real estate worth $2.60 per share
IF GAI RISES TO $6.30, you only pay for cash and land and GET GAI BUSINESS FOR FREE.
-Tiny 4.3 MM float 28% held by institutions.
-Semiconductor chip sales DOUBLED last quarter and will continue to boom- THESE CHIPS ARE USED FOR CELLULAR PHONES- A BOOMING CHINA MARKET.
GAI CURRENTLY PRODUCING $25 MM PER YEAR OF CHIPS EXPANDING TO $50 MM PER YEAR BY MARCH 2008.
GAI is the equivalent of a slam dunk in basketball, or an empty net goal in hockey.. it doesn't get any easier than this..
Global-Tech Appliances (NYSE: GAI): A Double Your Money Stock
Any investor with an appetite for risk and big reward should look at Global-Tech Appliances. The stock trades at only $2.60 and yet has $3.70 per share in cash! Additionally, there are real estate holdings worth at least $2.60. The company is cash flow neutral for now but with new product initiatives coming -- the stock can go significantly higher over the next 6-12 months.
Based in Hong Kong, Global-Tech Appliances Inc. is a holding company, owning subsidiaries that manufacture and market a wide range of consumer electrical products worldwide, including floor care products and small household appliances from kitchen appliances like breadmakers, coffeemakers, espresso machines, deep fryers, food processors, to beauty aids like hair dryers, hair-roller sets, and curling irons, to travel products, like voltage converters, to garment-care products. These products are marketed to customers under Black & Decker, Proctor-Silex, and Sharper Image among many other name brands.
Net sales for the fiscal year ending March 31, 2006 were $73.8 million, up 76%, compared to $41.9 million in the prior fiscal year. However, the company reported that gross profit margins in the Company's core business of floor care and kitchen appliance products will continue to remain adversely impacted by increase in material costs like plastics derived from natural gas -- particular as gas prices rise. As a result, GAI is lowering fixed costs with measures like reducing work force.
They also are pushing R&D in areas where they see promise. Their compact camera module components, used primarily in cellular phones, are growing in net sales, and therefore GAI is expanding the business and has formed an R&D team in Taiwan to push product development capabilities. This business segment is expected to give a boost to financial performance. GAI is also marketing a line of digital imaging products and anticipate that this new product category will soon become a growing part of our overall business.
Type of stock: A double your money stock. This consumer electrical product designer and manufacturer (with promising R&D in the digital imagining sector) is significantly undervalued.
Price target: I like the economics of Global Tech: It is trading at $2.60, but in cash and real estate assets alone, this is worth more in the range of $3.70 per share. It is cash flow neutral for now. While the core business of household products has been adversely hit by rising price of materials, GAI’s pushing into new product initiatives give this the potential to go significantly higher over the next 6-12 months.
4 MM FLOAT CHINA DREAM STOCK + 20%
GAI:NYSE ($4.93) is a 4.3 MM float China semiconductor stock WITH $6.30 PER SHARE IN CASH AND REAL ESTATE. GAI rose 20% Friday but is just starting:
-$3.70 per share cash
-Real estate worth $2.60 per share
IF GAI RISES TO $6.30, you only pay for cash and land and GET GAI BUSINESS FOR FREE.
-Tiny 4.3 MM float 28% held by institutions.
-Semiconductor chip sales DOUBLED last quarter and will continue to boom- THESE CHIPS ARE USED FOR CELLULAR PHONES- A BOOMING CHINA MARKET.
GAI CURRENTLY PRODUCING $25 MM PER YEAR OF CHIPS EXPANDING TO $50 MM PER YEAR BY MARCH 2008.
GAI is the equivalent of a slam dunk in basketball, or an empty net goal in hockey.. it doesn't get any easier than this..
Global-Tech Appliances (NYSE: GAI): A Double Your Money Stock
Any investor with an appetite for risk and big reward should look at Global-Tech Appliances. The stock trades at only $2.60 and yet has $3.70 per share in cash! Additionally, there are real estate holdings worth at least $2.60. The company is cash flow neutral for now but with new product initiatives coming -- the stock can go significantly higher over the next 6-12 months.
Based in Hong Kong, Global-Tech Appliances Inc. is a holding company, owning subsidiaries that manufacture and market a wide range of consumer electrical products worldwide, including floor care products and small household appliances from kitchen appliances like breadmakers, coffeemakers, espresso machines, deep fryers, food processors, to beauty aids like hair dryers, hair-roller sets, and curling irons, to travel products, like voltage converters, to garment-care products. These products are marketed to customers under Black & Decker, Proctor-Silex, and Sharper Image among many other name brands.
Net sales for the fiscal year ending March 31, 2006 were $73.8 million, up 76%, compared to $41.9 million in the prior fiscal year. However, the company reported that gross profit margins in the Company's core business of floor care and kitchen appliance products will continue to remain adversely impacted by increase in material costs like plastics derived from natural gas -- particular as gas prices rise. As a result, GAI is lowering fixed costs with measures like reducing work force.
They also are pushing R&D in areas where they see promise. Their compact camera module components, used primarily in cellular phones, are growing in net sales, and therefore GAI is expanding the business and has formed an R&D team in Taiwan to push product development capabilities. This business segment is expected to give a boost to financial performance. GAI is also marketing a line of digital imaging products and anticipate that this new product category will soon become a growing part of our overall business.
Type of stock: A double your money stock. This consumer electrical product designer and manufacturer (with promising R&D in the digital imagining sector) is significantly undervalued.
Price target: I like the economics of Global Tech: It is trading at $2.60, but in cash and real estate assets alone, this is worth more in the range of $3.70 per share. It is cash flow neutral for now. While the core business of household products has been adversely hit by rising price of materials, GAI’s pushing into new product initiatives give this the potential to go significantly higher over the next 6-12 months.
Next China stock to explode: VIMC:
Over $3 per share cash
Was $20 a few years ago.
Turning around, was profitable last quarter
Involved in China 3G rollout
Great new technology:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_V/threadview?m=tm&bn=27269&tid=...
VIMC is the kind of stock that Hedgies will run to $10 in one day like they have with dozens of othetr China stocks.
I will be out of the market by the end of tne year, seasonally November is usually best month for small caps. But when bubbles come, you havce to play them for all their worth, sitting on OTC stocks with 500 share volume a day doesn't cut it.
I have had half a dozen China doubles... CPSL, GSI, EFUT, CDS, ORS..
Don't all booms go bust? By the way, what happened to all the "doomsdayers" that were here in August. Like I said at the time, the time to BUY HUGE is when these novices say its the end of the world. I have made more money in the last 2 weeks on Chnia stocks (a LOT of money) more than in 1999.
SORL: China STEAL trading at Pre-Bubble prices. $15 target: (Not rated) 2 minutes ago SORL:NASDAQ- A low float undiscovered China gem trading at Pre Bubble prices.
DD Summary:
SORL $8.61 2.7 MM float 8 PE CHINA AUTO PARTS
-2.7 MM float
-Earned $.22 EPS last quarter BEFORE:
-July 25% Capacity expansion
-October $20 MM plant purchase announced yesterday.
-45% GROWTH
WITH INCREASED CAPACITY SORL HAS WELL OVER $1 EPS RUN RATE GIVING FORWARD PE < 8.
SORL HAS $3 PER SHARE WORKING CAPITAL AND NO DEBT.
WITH A SECTOR PE OF 18 SORL SHOULD BE AT LEAST AN $18 STOCK.
http://finance.yahoo.com/q/co?s=SORL
SORL is an UNDISCOVERED China play but that won't for long.. When the momentum crowd finds this one it could rise $5 - $7 in one day with its tiny float.
The forward PE os actually quite low for this growth- I project they will make $.80 EPS this year and $2 next year. forward PE of 25.
I agree on DYII also spinning off CHINA IPO!
6 PE CHINA stock EXPLODING $.75
CAGC:
CHINA fertilizer stock ($3.50 + $.75) $.56 annualized EPS- 6 PE
CAGC: SUPER cheap China laggard exploding: CAGC earned $.14 last quarter - thats annualized $.56 EPS for a $3.50 China growth stock. CAGC is the next GSI, CDS IMO. I have a conservative $6 target- thats only a 12 PE.
http://biz.yahoo.com/prnews/070815/cnw035.html?.v=1
6 PE CHINA stock EXPLODING $.75
CAGC:
CHINA fertilizer stock ($3.50 + $.75) $.56 annualized EPS- 6 PE
CAGC: SUPER cheap China laggard exploding: CAGC earned $.14 last quarter - thats annualized $.56 EPS for a $3.50 China growth stock. CAGC is the next GSI, CDS IMO. I have a conservative $6 target- thats only a 12 PE.
http://biz.yahoo.com/prnews/070815/cnw035.html?.v=1
On Lion.com momentum board, at CPSL yahoo board..
ASYI nexr GSI? AYSI getting lots of buzz on Momentum boards This weekend as the next foreign steel play to take off following CPSL, GSI, TRNO.OB.
NEXT TINY FLOAT CHINA MONSTER:
GAI Top NYSE Gainer: Top reasons GAI going MUCH Higher
-$3.70 per share cash
-$2.60 per share China real estate.
-TOTAL Cash and real estate = $6.30 per share. EVEN IF GAI RISES TO $6.30, you only pay for cash and land AND YOU GET GAI BUSINESS FOR FREE.
-4.32 MM float 1.2 MM shares owned by institutions. Low float China stocks have been the strongest- EFUT and RCH have Skyrocketed.
-Custom Camera module (CCM) chip business was PROFITABLE with $12 MM sales in 2007.
-HAVE REMOVED PRODUCTION BOTTLENECKS- NOW PRODUCING AT SUSBTANTIALLY HIGHER RATE THAN 2007 RATE OF $12 MM CCM SALES.
-400% GROWTH: EXPANDING CCM BUSINESS TO $50 MM PER YEAR BY MARCH 2008.
Next EFUT? GAI NEXT Tiny float China MONSTER
GAI: $4.30 + $.99 4 MM float $6 / share cash CHINA REAL ESTATE Top reasons GAI going MUCH Higher
-$3.70 per share cash
-$2.60 per share China real estate.
-TOTAL Cash and real estate = $6.30 per share. EVEN IF GAI RISES TO $6.30, you only pay for cash and land AND YOU GET GAI BUSINESS FOR FREE.
-4.32 MM float 1.2 MM shares owned by institutions. Low float China stocks have been the strongest- EFUT and RCH have Skyrocketed.
-Custom Camera module (CCM) chip business was PROFITABLE with $12 MM sales in 2007.
-HAVE REMOVED PRODUCTION BOTTLENECKS- NOW PRODUCING AT SUSBTANTIALLY HIGHER RATE THAN 2007 RATE OF $12 MM CCM SALES.
-400% GROWTH: EXPANDING CCM BUSINESS TO $50 MM PER YEAR BY MARCH 2008.
SORL $8.09 2.7 MM float 8 PE CHINA AUTO PARTS
SORL:NASDAQ is the most undervalued China laggard by a MILE:
-2.7 MM float
-Earned $.22 EPS last quarter BEFORE:
-July 25% Capacity expansion
-October $20 MM plant purchase announced yesterday.
-45% GROWTH
WITH INCREASED CAPACITY SORL HAS WELL OVER $1 EPS RUN RATE GIVING FORWARD PE < 8.
SORL HAS $3 PER SHARE WORKING CAPITAL AND NO DEBT.
WITH A SECTOR PE OF 18 SORL SHOULD BE AT LEAST AN $18 STOCK.
http://finance.yahoo.com/q/co?s=SORL
SORL is an UNDISCOVERED China play but that won't for long.. When the momentim crowd finds this one it could rise $5 - $7 in one day with its tiny float.
2.7 MM float Super China momentum stock
SORL $8.09 2.7 MM float 8 PE CHINA AUTO PARTS SORL:NASDAQ is the most undervalued China laggard by a MILE:
-2.7 MM float
-Earned $.22 EPS last quarter BEFORE:
-July 25% Capacity expansion
-October $20 MM plant purchase announced yesterday.
-45% GROWTH
WITH INCREASED CAPACITY SORL HAS WELL OVER $1 EPS RUN RATE GIVING FORWARD PE < 8.
SORL HAS $3 PER SHARE WORKING CAPITAL AND NO DEBT.
WITH A SECTOR PE OF 18 SORL SHOULD BE AT LEAST AN $18 STOCK.
http://finance.yahoo.com/q/co?s=SORL
SORL is an UNDISCOVERED China play but that won't for long.. When the momentim crowd finds this one it could rise $5 - $7 in one day with its tiny float.
SORL cheapest China stock 2.7 MM float news this AM
SORL Fair value $20 at 17 sector PE $1.1 EPS run rate IMO
http://finance.yahoo.com/q/co?s=SORL
With added capacity they should be at $1.1 EPS run rate.
So cheap its mind boggling.
Web conferencing momo: ILC starting to move a bit $.63. Large insider buys, EBITDA growing, major Fortune 500 contract wins. What I like most: Webx was taken over, less competition now and customers looking at ILC as THE alternative. Trades at HUGE discount to SOFO and has way better financials.
Web conferencing momo: ILC starting to move a bit $.63. Large insider buys, EBITDA growing, major Fortune 500 contract wins. What I like most: Webx was taken over, less competition now and customers looking at ILC as THE alternative. Trades at HUGE discount to SOFO and has way better financials.
I have never agreed with Lentimen and am not going to start now. You would have to be out of your mind to short the US dollar especially now. Seasonally the US dollar usually does very well in first half of year- rebound for 2008 imminent. But, in general the time to buy the dollar is when all the novices are at their maximum bearish sentiment.
The sentiment on the U.S. kind of reminds me of the 1980's- everyone said Japan was on the rise and U.S. was down and out- you all know what happened.
SORL 2.7 MM float CHINA stock EXPLODING
SORL CHINA LAGGARD $8.20 2.7 MM float China Auto parts stock $.22 EPS ast quarter
http://finance.yahoo.com/q/ks?s=SORL
$20 at sector PE.
Any kind of volume SORL could go to teens in a day like EFUT.
SORL 2.7 MM float CHINA stock EXPLODING
SORL CHINA LAGGARD $8.20 2.7 MM float China Auto parts stock $.22 EPS ast quarter
http://finance.yahoo.com/q/ks?s=SORL
$20 at sector PE.
Any kind of volume SORL could go to teens in a day like EFUT.
YTEC is the find of the year- Sector PE of 45 Gives $30 + value based on 2008 $.70 EPS forecast!!
http://biz.yahoo.com/p/826mktd.html
YTEC tomorrows China monster: 9 M float China bank saying they ate looking at entering brokerage business a la JRJC
Next JRJC? Hope some of you folks got CDS below $6- 1.3 MM float. $7.5 AH very possibly $10 tommorrow. See CHND board for DD- could be next JRJC. Thank God I bought a ton.
China metal stock comparison: CDS:AMEX ($5.20) is a China Zinc / Magnesium play with 15 MM shares OS and $160 MM annualized sales and consevative $.55 EPS projection. CDS just started trading on AMEX today. China metal stock comparison:
CPSL: $45 MM sales $.20 annual EPS $300 MM market cap
CHNR: $20 MM sales $.60 annual EPS $180 MM market cap
CDS $160 MM forward sales $.55 annual EPS $75 MM market cap
CDS $.55 EPS estimate for 2007 doesn't include recent zinc production aquisition and is very conservative. CDS HAS MORE SALES THAN CHNR and CPSL compined.
China Direct Posts Record Financial Results and Raises Financial Guidance for 2007
* 2nd Quarter Revenues Reach $40.45 Million
* 2nd Quarter Diluted Earnings per Share Reaches $0.15
* Total Assets Increase to $37.27 Million
* Shareholder Equity Increases to $12.53 Million
BOCA RATON, Fla., Aug. 8 /PRNewswire-FirstCall/ -- China Direct, Inc. (OTC Bulletin Board: CHND), a company maintaining active, majority stakes in a diversified portfolio of Chinese companies as well as offering consulting services for both private and publicly traded Chinese entities, announced today the Company's financial results for the second quarter of 2007 ended June 30, 2007.
Financial Highlights
Revenues for the second quarter ended June 30, 2007 increased to $40,452,970 as compared to revenues of $180,417 in the second quarter ended June 30, 2006. The increase in revenues was primarily attributable to the three Chinese entities acquired since October 2006, Chang Magnesium, Lang Chemical and CDI Wanda, as well as a strong performance from our consulting division.
Gross profit for the second quarter of 2007 was $3,710,589 as compared to $46,883 in the second quarter ended June 30, 2006. Total operating expenses for the second quarter of 2007 increased to $847,417 compared to $509,200 in the second quarter of 2006. The increase in operating expenses in the second quarter of 2007 was primarily attributable to increased staffing associated with the financial management and integration of our expanded operations in China. The company also experienced increases in travel expenses, professional consulting fees, professional insurance premiums, as well as non- cash option charges for employees, management, and professional advisors.
Net income for the second quarter of 2007 increased to $2,267,742 or $0.16 per basic share, as compared to a loss of $(362,697) or a loss of $(0.04) per basic share for the second quarter of 2006. On a fully diluted basis, earnings per share for the second quarter of 2007 were $0.15 per share as compared to a loss of $(0.04) per share for the second quarter of 2006.
For the first six months, revenues increased to $71,391,910 as compared to revenues of $386,832 during the first six months of 2006.
Gross profit for the six months ended June 30, 2007 was $7,182,515 as compared to $238,038 for the six months ended June 30, 2006. Total operating expenses for the second quarter of 2007 increased to $1,684,926 as c
You still don't get it.. that UVE at a $10 price would fully discount hurricane price risk for sector?
China metal stock comparison:
CPSL: $45 MM sales $.20 annual EPS $300 MM market cap
CHNR: $20 MM sales $.60 annual EPS $180 MM market cap
CDS $160 MM forward sales $.55 annual EPS $75 MM market cap
CDS $.55 EPS estimate for 2007 doesn't include recent zinc production aquisition and is very conservative. CDS HAS MORE SALES THAN CHNR and CPSL compined.
China Direct Posts Record Financial Results and Raises Financial Guidance for 2007
* 2nd Quarter Revenues Reach $40.45 Million
* 2nd Quarter Diluted Earnings per Share Reaches $0.15
* Total Assets Increase to $37.27 Million
* Shareholder Equity Increases to $12.53 Million
BOCA RATON, Fla., Aug. 8 /PRNewswire-FirstCall/ -- China Direct, Inc. (OTC Bulletin Board: CHND), a company maintaining active, majority stakes in a diversified portfolio of Chinese companies as well as offering consulting services for both private and publicly traded Chinese entities, announced today the Company's financial results for the second quarter of 2007 ended June 30, 2007.
Financial Highlights
Revenues for the second quarter ended June 30, 2007 increased to $40,452,970 as compared to revenues of $180,417 in the second quarter ended June 30, 2006. The increase in revenues was primarily attributable to the three Chinese entities acquired since October 2006, Chang Magnesium, Lang Chemical and CDI Wanda, as well as a strong performance from our consulting division.
Gross profit for the second quarter of 2007 was $3,710,589 as compared to $46,883 in the second quarter ended June 30, 2006. Total operating expenses for the second quarter of 2007 increased to $847,417 compared to $509,200 in the second quarter of 2006. The increase in operating expenses in the second quarter of 2007 was primarily attributable to increased staffing associated with the financial management and integration of our expanded operations in China. The company also experienced increases in travel expenses, professional consulting fees, professional insurance premiums, as well as non- cash option charges for employees, management, and professional advisors.
Net income for the second quarter of 2007 increased to $2,267,742 or $0.16 per basic share, as compared to a loss of $(362,697) or a loss of $(0.04) per basic share for the second quarter of 2006. On a fully diluted basis, earnings per share for the second quarter of 2007 were $0.15 per share as compared to a loss of $(0.04) per share for the second quarter of 2006.
For the first six months, revenues increased to $71,391,910 as compared to revenues of $386,832 during the first six months of 2006.
Gross profit for the six months ended June 30, 2007 was $7,182,515 as compared to $238,038 for the six months ended June 30, 2006. Total operating expenses for the second quarter of 2007 increased to $1,684,926 as c