Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
hank
It is hypocritical to treat foreign based oil stocks as somehow more worthy of being mentioned on this board as opposed to China based stocks.
JST issued a press release regarding inclusion on Forbes list of the best asian companies under 1 billion.
http://biz.yahoo.com/prnews/071011/nyth136.html?.v=101
Hank
You posted,
There have been other boards created because of concentration in one particular area...
I don't recall anyone calling you out for bringing a bunch of overseas oil related stocks to the board. Aren't they concentrated in one area as well? Why are their financials any more reliable then Chinese stocks?
JST made Forbes (Asia's 200 Best Under a Billion) list. This is the same list that drove SEED up. Seed issued a PR whereas JST didn't.
The other difference is that JST has some fundamentals to back up the stock.
JST
JST is showing a little extended hours activity. This is very unusual for this stock and it may mean nothing.
It is a low float china stock (<5m flt) with .5 earnings in the most recent quarter and growing at 40%. Based on how some of these China stocks are being valued this looks like a screaming bargain at 27.4.
ari500-JST is one of my favorites.
JST share price 26.1
-8.19M shares/4.7M float
-.50eps most recent quarter
-40% growth rate
-building a new plant to expand capacity
-small dividend payor
gilead23 re: TBTC
You're killing me, or should I say I'm kicking myself. I'm still accumulating, so I haven't been saying much.
I deliberated whether I should put this into my PSL7 before I had finished buying. I figured very few people would notice, so I took the risk. I was hoping this would stay unnoticed until after earnings.
suot
Looks like they earned .23 in the fourth quarter. That's pretty good for a 4.75 China stock.
larrybaz re: AMRU
It looks like they closed a big contract during the quarter which generated 15M in revenues. I wouldn't expect that to continue in future quarters.
Nsom challenge
AYSI
This stock has been discussed frequently on the value microcap board, so I will refer everyone to check that board for further detail. I'm own the stock because of the global commodity boom and what appears to be a product with a competitive advantage. If the commodity boom continues I expect they will benefit from that growth.
CHBT
China Biotics manufactures and sells probiotic products. Probiotics comprise mainly live bacteria, which they produce using advanced proprietary fermentation technology. They earned .21 per share in the most recent quarter. They are undertaking an ambitious expansion plan. They plan to expand into other cities and to open over 300 stores over the next two years. If they execute on their strategy they have to potential to deliver explosive growth in revenues and earnings.
FSIN
Fushi manufactures bimetallic composite wire. They earned .28 eps in the 2nd quarter and revenues grew at 40+%. Much like JST this is an infrastructure play on China. With the high cost of copper this alternative has the potential to continue its growth in the future.
JST
This is a low float China microcap stock. They manufacture electrical transformers. The Company recently reported .50 per diluted share for the 2nd quarter. The Company is growing revenues at 40% and earnings at 65-70%. They also pay a small dividend. I expect the Company to continue to grow in the future as China continues to build infrastructure, and as international sales pick up in the future. International sales currently comprise 5% of sales.
TBTC
This is a microcap stock that develops and sells information and management systems that automate and monitor the operations of casino tables. The recently reported .07 taxed for the second quarter based on revenues of 884k. The backlog has grow from 1.2m at 12/31/06 to 2.4m at 6/30/07. Thus, I expect the solid results to continue.
TSTC
China based wireless coverage solution in China and Asia. The positives for this stock are the forecasted 2007 earnings growth of 30% over 2006 and future benefits from the roll out of 3G. Receivables are an issue, but I’ve already assumed that a large portion is uncollectable. I more concerned about the growth in receivables going forward. If they can keep growth in receivables under control, I plan to hold for the future.
abh3vt re: JST
The stock is definitely having a nice day. I a big fan of JST, and I'm in it for the long haul. A little exposure can't hurt.
This company has been delivering some great growth in revenues and earnings over the past several years, and it nice to see the stock responding.
littlefishl re: SGZI CNEH
Good catch on the address. I passed on both of these for various reasons, but they've both done quite well in spite of my reservations.
Len-that definitely dispels that theory.
lentinman
I still feel that it is relevant to address the % that each of these markets was off of their current year high entering October. Without knowing the answer it would seem to me that the October correction may be less likely if a market enters that month already significantly below it's current year high.
Len just out of curiosity. Where were those markets at the beginning of October relative to there highs for the year? My question is if the October correction occurred in August. Is it possible that the technical traders were aware of this pattern and tried to jump in front of it?
stanley01 re:mlobf
There are many red flays on this one. They are a distributor of a commodity product, yet their margins are 60%. They are a distributor that carries no inventory.
I'm sure you know the old saying. If it looks too good...
I wish everyone well with this one, but I wouldn't touch it. It is possible they are in cleaning business, if you know what I mean.
lentinman re: #3
Although I won't speculate on the timing, I do agree that oil will fall substantially in price. I would like to add one other mitigating factor on the demand side. Innovation continues to improve the efficiency of a barrel of oil. Price spikes like this accelerate this process.
KIK re:CNEH
Why on earth would someone give up $4m dollars at the time for no benefit?
researcher59 re: SIMC
I'm just glad that my original post turned out to be correct. I would have hated to post erroneous information that may have influenced someones decision.
SIMC replaced the press release to agree with the 10q.
KIK re:AMPH
I'd need to see the detail behind that. If that is the correct amount. I wouldn't be surprised to see some sort of non-recurring, non-operating items.
researcher59 re: SIMC
I have a long history with SIMC. I've invested in it many times in the past, but they have a history of volatile earnings. Therefore, the first thing I was trying to verify was the backlog change. I'd still like to know the correct answer for my own satisfaction.
SIMC update
I called the CFO for clarification. Per the conversation, his initial response was the the 10q should be correct.
As I pointed out the inconsistencies in the press release and the 10q, he said he would have to look into it. He did mention something about a change in the way they measure backlogs since the first quarter. All in all I'm still have no idea whether backlogs increased or decreased since the end or the first quarter.
researcher59-I'm going to look into this later, but I'm disappointed because these two paragraphs kept me from buying because I feared how a backlog decline would have been interpreted. What I'm trying to figure out is which is in error the 10q or the press release.
The change in backlog of 2.4 equals the % change mentioned in the press release the only question is whether that is the change since year end or the first quarter. One says since year end the other since the end of the first quarter.
researcher59 That's intersting considering these two paragraphs from the 10q
3/31/07 10q
As previously stated, the increase in first quarter 2007 sales of approximately $9.6 million over the same period in 2006 is approximately 86% attributable to acquisition and 14% organic growth. The backlog grew during this period by approximately $7 million, as new orders were 121% of shipments.
6/30/07 10q
The increase in second quarter 2007 sales of approximately $6.7 million over the same period in 2006 is all organic growth. For the six month period ended June 30, 2007 sales grew by approximately $16.3 million over the same period in 2006. The six month sales growth is attributed to $8.8 million from acquisition and $7.5 million from existing customers and facilities. The backlog grew during this six month period by approximately 8.6% or $2.4 million. The backlog as of June 30, 2007 was $30.6 million.
Sorry for the misinformation, but based on these two paragraphs
I'm not sure how you can go from a 7m increase since year end at the end of the first quarter to a 2.4m increase since year end at the end of the second quarter and end up with a larger backlog.[b/]
sskillz1 re:SIMC
FYI based on a quick review it appears the backlog declined by roughly 4.6M from the prior quarter.
FSIN 10q is out.
Reported .28 eps versus .25 analyst esitmates.
Revenues 26.1m versus 25m analyst esitmates.
elijahofmalone
Thanks for the recap on CPHI.
I currently don't hold a position but I have in the past. I noticed that SGA expenses seemed unusually low this quarter, and the current quarter had virtually no R&D expense whereas the last quarter had a significant expense. Did management address these issues in the call?
JST
A little more information. JST announced the completion of it's design breakthough on June of 2007.
http://biz.yahoo.com/prnews/070612/nytu120.html?.v=95
The company attributed the 5% improvement in margins to this design break through which has lowered material costs.
Copper prices which are a major cost of their product continue to remain stable.
By my calculation it appears that management is assuming a 30% gross margin in their forecast. I believe this will prove to be a very conservative estimate. If copper prices remain stable. My forecast is that increased absorption of overhead from running at near full capacity and the stable copper prices will translate to a continuation of the 33% margins in the future.
With 40% growth, improving margins and dividends, I put this one in the table pounder catagory.
ETLT posted 10q
I don't own this one, but I know some do. They posted their 10q. EPS .04.
jjkool_01- re: JST
I added to my already large holding. My personal forecast for this quarter was for revenues of 32.2M and eps of .38. Revenues were in line with my forecast, but eps were much stronger than I expected.
Gross margins were far better than I expected. 33% versus margins of roughly 28% from the end of 2006. This inspite of higher copper prices during the most recent quarter. Management attributes the improved margins to design changes. Therefore, I suspect these margins will continue going forward.
I've updated my forecasts assuming that these margins hold up for the remainder of 2007 and eps will be much stronger than managements guidance. I'm forecasting eps in the range of 1.00-1.10 over the next two quarters. This would lead to 1.7 to 1.8 for 2007.
SUWN posted their 10k. I don't own the stock, but I know it has been discussed before.
It doesn't look good. It appears they posted a fairly big loss in the fourth quarter.
hweb2 re: SIF the backlog was up slightly 86.8 v 86.5. I sold my remaining shares.
sskillz1 re:SPAN
I followed you in. It does look over due for a bounce off the 200 day. Thanks for the heads up.
ANDE reported a strong quarter 1.4 v. .92 analyst estimate. The Company is ag/energy play.
They sell fertilizers, manage grains, management services for ethanol facilities, engage in ethonal and grain trading, lease and repair railcars, etc. This is an interesting play on the food and energy sectors.
CNBC just reported that The Street.com was informed by Claxton that they were reporting false rumors about their company. If I'm not mistaken Cramer has an ownership interest in this company.
I remember a while back that Cramer was boasting about how he would take a short position in the market and during the last hour of trading he would leak a rumor to send the market down.
I would love to see the SEC crack down on these market manipulators.
bobwins-re: NOEC
Any idea why their gross margins were so weak in the 4th quarter? Take away the tax adjustment and grant income for the 4th quarter and it was fairly weak. I'm trying to figure out what margin expectations are realistic going forward.
wade-I don't know what will happen down the road with corporate debt, but it was just a few weeks ago that the 10 year treasury was north of 5.3%. Today the 10 year treasury is below 4.8%.
I suspect that once cooler heads prevail. The corporate rates will settle back.
Does anyone else find it interesting that both the panics in the treasury and corporate debt markets were accompanied by comments from Bill Gross. Maybe Bill's trying to make up for all his losses from betting on fed rate cuts this year by playing the short side.
wade re:FFHL
They also posted a decline in sales of 1.6% y/y. Furthermore their mix of sales is swinging to international versus domestic. I view that as a negative as China continues to adjust their currency.
Wow! Bidu is up $47 after reporting earnings. I still hold 1000 shares that I purchased last May in the upper 60's, but I sure wish I had held on to the other 2000 shares.