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lentinman, it was you who FIRST wrote "I was almost 100% sure that it (the major Chinese index) was negative since 12 years ago." Should you be able to give evidence to support your claim, I would give evidence to support my claim that your claim IS wrong.
lentinman, I indeed believe that Northern was intentionally trying to talk down at least some (if not all) China stocks to buy on the cheap.
He wrote yesterday: "This tell you how Chinese companies manipulate the numbers. This tells why Chinese stock market has been going down every year for 10 years despite double digital GMP growth." You already admitted it is totally WRONG.
He wrote "I believe that ETLT is a scam", he said he was sure chcl is a scam, and he implied CXTI might be a scam, in past 2 days. Would you please point out one claim among his numerous specious arguments could actually approve his sinister claims.
But he wrote one thing right: "I trade it (ETLT and other China stocks) anyway. I have been trading ETLT for a while, in and out many times" Ask yourself, would you trade ENRON and WHAI after they were approved fake?
What more evidence do you want???
lentinman, do you know shi, snp, hnp, ach, yzc, jcc, ceo and many others fairly priced and decently performed in US stock exchanges are also main components of SSEC (Shanghai index, 000001.ss) or 399107.sz? Do you know ptr will be traded in SSEC soon, even Warren Buffet invested billions of dollars in ptr (his only major oil company investment) as Warren Buffet thought ptr's financial report is more transparent than many of US companies? Can they be trusted?
Your logic is: because Chinese stocks underperformed US stocks in the past 2.5 years, they can not be trusted. From 2000-2003, US stocks underperformed Chiense stocks, could US stocks be trusted???
Northernlight mistakenly wrote China stock market drop each year in the past 10 years, and you mistakenly claimed China stock market was negative since 12 years ago. These are 2 totally different claims, how could you say his claim is consistent with yours?
Do you know many components of HSCE are the same components of SSEC or 399107.sz? Do you know HSCE, a major index of China stocks, ourperformed US market in the past 3 years, 5 years and possibly 10 years by far distance?
Lentiman, your post has convinced me that so many investors/traders have misunderstanding or bias on China stocks, especially small China stocks. They explain why so many small China stocks such as ETLT and CXTI are so deeply undervalued. The same thing happened to Russian stocks 7-8 years ago, and Russian stocks was the best performer in the past 7-8 years (up over 1000%). The same thing also frequently happened to US small cap companies, they is why most investors here focus on small cap.
Lots of ETLT, CXTI posts here today, most were great but some repeated misleading information, even after the facts had been pointed out based on conversation with Cathy, the chief US representative of ETLT (see links below). Those traders may be desperate to talk down ETLT and CXTI share price so that they could buy back at price below or close to the price when they sold. Anyhow, these discussion shows great interest on ETLT and CXTI, which is great.
http://www.investorshub.com/boards/read_msg.asp?message_id=7418356
http://www.investorshub.com/boards/read_msg.asp?message_id=7417916
http://www.investorshub.com/boards/read_msg.asp?message_id=7416182
northenlightsk05, you have no credit in talking about China stocks. Either you were misled by others or you are trying to mislead others.
Example, you wrote "This (ETLT board, poster called etlt.ob) tells why Chinese stock market has been going down every year for 10 years despite double digital GMP growth. Great information."
The fact is: Current price for all 3 major China stock indexes (000001.ss, 399107.sz and HSCE) is higher now than 10 years ago. How could Chinese stock market have gone down every year for 10 years? HSCE (including stocks all in China) is at nearly record high now, and was the best performer among world indexes in 2003 if I remember correctly, and I made tons of money from HSCE components such as PTR, cyd and ACH. 000001.ss and 399107.sz indeed felt nearly 50% in the past 5 years but did not fall every year (rose in 2003). This was mainly because stocks was traded excessively high 5 years ago (most of them are still a little expensive even now compared to HSCE compenents), just as Nasdaq in 2000, Japanese stocks in 1989 and US stock in 1929.
I do not want to waste time to correct each false claim of yours on China stocks. My suggestion: do some real research (reading midleading information on etlt board can not called research) and then post just facts.
One reason why ETLT limit most cash use in China is because ETLT would lose tax exempt status in PRC if they should use these cash (earned inside China) outside China, according to my conversation with Cathy, the chief US representative of ETLT. If you read its 10k and 10q, ETLT paid no tax so far. It is China' policy to encourage investment in much needed area by giving tax break.
rsadey, YDHCF, if you really think YDHCF is a shell, why did not you contact sec, instead waste time in complaining here? Why did not you contact its US accounting firm auditting its fianncial report before, and its related CPA regulators?
rsadey, ETLT
ETLT's cash was made from sales in PRC rather than US as you mistakenly implied, and it is ETLT board of directors' decision to use these money in PRC which is clearly disclosed in every 10q & 10k, though this decision could be changed at any time. At the moment, the company intends to raise money in USA to support its development in USA. But it will not do it unless its share price rise to fair level such as $1.5-2. They failed to realize any acquizition deals so far in USA as they did not want to over pay, and they are as smart as US business people. They switch from lamb to cattle and sheep as milk is most in need in China. Did you say the companies you invested never switch products they produced.
In summary, all the things you claimed suspicion happen to US companies frequently. Why do you not have any problem with them? Are you biased or do you have some hidden adjenda?
How far ETLT will rise?
To understand this, we need first understand why ETLT drop from nearly 0.6 in February to about 0.2 just a few weeks ago. I spoke to Cathy, the chief US representative of ETLT last month. She said stock drop possisbly because ETLT did not report 10k on time, since then they switched audit firm in US to make sure 10q and 10k will be on time in future. Additional reason might be its failed acquizition early in the year and poor earning result in the first quarter of this year. ETLT normally earned most money in later year, but most stock traders might not have as long view as a few quarters.
ETLT currently has close to $0.7 per share cash, just earned $0.06 per share last quarter, has projected to earn more this year than last yesar ($0.14 per share).
Therefore, I believe ETLT will at least touch $0.6 in short term, and then should touch $2 within a year. But it will be a bumpy road as many traders will take profit and some naked shorts will do their best to badmouth ETLT without any approved facts as usual, thus it is not for fainted hearts. I will personally hold it tightly until at least $1.5.
Could we get some DNDT shares for free? What's implication from the following agreement? Seems dndt gave Cornell Captial 1,142,858 shares of common stock for free already. Why would dndt have done this? I was going to buy some dndt shares, but after read this, I changed my mind for now. Why should Cornell Capital get so many shares for free while we have to pay?
On July 5, 2005, we entered into a Standby Equity Distribution Agreement ("SEDA") with Cornell Capital Partners, LP ("Cornell") dated as of June, 17, 2005. Pursuant to the SEDA, at our discretion, we may periodically sell to Cornell shares of our common stock for a total purchase price of up to $10 million. For each share of common stock purchased under the SEDA, Cornell will pay 96% of the lowest volume weighted average price of the common stock, as quoted by Bloomberg, L.P., on the Over-the-Counter Bulletin Board or other principal market on which the common stock is traded for the five days immediately following the notice date. The price paid by Cornell for the stock will be determined as of the date of each individual request for an advance under the SEDA. Cornell will also retain 5% of each advance under the SEDA. Cornell's obligation to purchase shares of stock under the SEDA is subject to certain conditions, including us obtaining an effective registration statement for shares of the common stock sold under the SEDA and is limited to $250,000 per five trading days, provided that aggregate advances in any 30-day period shall not exceed $1 million. As part of this agreement, Cornell has received 1,142,858 shares of common stock as a one-time commitment fee and Monitor Capital, Inc. has received 47,620 shares of common stock as a one-time placement agent fee under a Placement Agent Agreement relating to the SEDA, and these fees are subject to pending registration.
not understand why etlt & cxti are unloved here even if their pe is 1.5-3 and pb is 0.3-1 with lots of cash and no debt. Their books are audited by recognized US CPA firms. If you do not trust recognized US CPA firms, how could you trust US stocks' financial reports audited by the same US CPA firms???
Got more CXTI at $1.19, will run strong again after short pull back. Earned 0.1 last quarter, analysts' earning estimate this year is at least 0.4 per share. Will not sell any until $4.
Wadegarret, cxti & etlt, consistence of earnings year after year or/and quarter after quarter will eventually unlock the value of mis-understood companies. I will not sell any unless cxti and etlt touch $4 and $2 respectively. Both companies recently reported excellent earning results again. In other words, I believe the running is just at the beginning.
cxti, another previous loser of mine, earned 0.1 last quarter with strong momentum in the next a few quarters, risen over 1.4 now.
Both cxti and etlt attracted suspicion from many investors. Once such suspicion is eased, cxti will rise over $4-5 wheareas etlt will be $1-2.
hweb, you're right urgi is seasonally strong in q2 and q4. Have you compare it to chrs in the same business? It earned 0.31 vs 0.3, has cash $2.6 per share with no debt vs. debt $220, traded at $8.8 vs. nearly $12. Is it fair to say urgi is 50% undervalued than chrs.
Larrybaz, nice finding on URGI, earned 0.31 with strong momentom, cash and sales are rising rapidly, rich cash at $2.6 per share with no debt, should trade over $14,
RRainman, I appreciate your positive and confident mindset.
Thanks, Bobwins, really glad to be on record high almost daily basis in the past a few weeks, and on the way to beat my best year (2003) on percentage basis (already beat on amount increase last month), though I felt a little sorry I did not buy some vphm shares last Friday. New price increase may increase profit, but it may encourage competition and generic drug usage. I do not understand how it works, so I do not want to put any money unless it is really cheap. Glad your guys are making tons on vphm.
Got more svlf at 1.71, just earned 0.11 last quarter due to improving quarlity of existing client business, should run over $3.
got more smid at 2.5, though the second half would be very good.
etlt, earned 0.06 last quarter, traded at 0.29 after big run yesterday & today. Once suspicion from investors is solved, it should run over $1
mxbif, earned 0.98, up 65%, traded at $20, backlog up 37%, mainly a industrial and engineering services company, should run to $30-$40.
What do you think about HSCAR?
It earned 0.13 per share or 0.08 after special gain, book value 1.7 per share, sales grew nicely on the same store basis, currently traded at 1.85.
IPII will run again today, not too far away from my target price $50. Afterall, it is fast growth company operating in the right place at right time, just not on the radar of institution investors (we defintely want to get in before big boyes do)
Investor's Business Daily
Stormy Weather Equals High Demand For Building Supplies Firm
Wednesday August 10, 7:00 pm ET
Alan R. Elliott
Even after a series of hurricanes pounded Florida's panhandle the past year, the town of Destin calls itself the "the luckiest fishing village in the world."
For some of its 12,000 residents, that luck is tied to the grouper and marlin hauled in by the local charter fishing fleet.
For others, it's a matter of real estate values. The median home price, around $550,000, is up as much as 70% in the past five years.
"I've been here 20 months and our home has doubled in price," said Shane Moody, president of the Destin Chamber of Commerce.
Destin and much of west Florida is a stronghold territory for Imperial Industries (NasdaqSC:IPII - News), a regional supplier of construction materials.
The company mainly sells cement-based stucco for swimming pool and home surfacing, and mortar for roofing tiles.
Not-So-Overnight Success
Based in Pompano Beach, along Florida's southeast coast, Imperial is in the process of completing a $1.5 million upgrade to its manufacturing facility in Winter Springs, Fla.
Its Just-Rite subsidiary operates eight distribution centers scattered across the state and several others in Georgia, Mississippi and Alabama.
Imperial emerged from Pompano Beach obscurity in May, listing on the Nasdaq after four decades as an over-the-counter stock.
On May 13 the company reported its eighth straight profitable quarter, with first-quarter earnings more than doubling from the prior year to 33 cents a share. Revenue climbed 39% to $16.6 million.
Imperial's stock trades near 30 -- nearly four times higher than its closing price on May 2, when the shares debuted.
The recent success is part of what Chairman Daniel Ponce calls a "17-year overnight success story."
"We took what really had been a pretty banged-up company, brought it out of bankruptcy and (took it) through a dramatic turnaround," Ponce said.
The story began in the late 1980s, when longtime Chairman Eugene Ferri died unexpectedly. To help rescue Imperial, Ponce in 1988 formed an alliance with one of the late chairman's daughters and several others close to the company.
The real turnaround took hold in 2000, when Imperial established its Just-Rite subsidiary. The operation started as part of the Acrocrete subsidiary.
As a separate entity, Just-Rite expanded into related products including drywall, insulation, roofing and masonry materials. It acquired nine additional distribution centers and also shut down three poor-performing operations.
In 2004, the Just-Rite line of products accounted for 58% of Imperial's total revenue. The firm's Acrocrete business -- which generated the lion's share of sales a few years ago -- accounted for only 18% of 2004 revenue.
Its most profitable business, called Premix, produced 24% of 2004 sales.
Under The Radar
In July, Imperial announced an alliance with Germany's Degussa Construction Chemicals.
The agreement gives Just-Rite a wide range of concrete and stucco-related products to distribute. As part of the deal, Imperial sold Acrocrete to Degussa Wall Systems for $1.1 million.
Since May, Imperial's market capitalization has rocketed from $12 million to more than $54 million.
The company still operates under Wall Street's radar, however. No mutual funds or institutional holders are listed for its 2 million shares. And no analysts follow the stock, says Chief Operating Officer Howard Ehler.
One of the few outside comments on the company has come from equity and index options expert Bernie Schaeffer, who underlined Imperial's focus on construction trades along the Gulf of Mexico coast.
"(The stock) is a hurricane play," Schaeffer wrote on his Web site, Schaeffersresearch.com.
But Ponce downplays the effect of recent hurricanes on Imperial's success. He suggests the hurricanes have disrupted the already booming construction market, creating as many distractions as benefits.
That view is shared by David Peaden, executive director of the Home Builders Association of West Florida. He says the distribution of federal funds, while providing much needed aid, has helped distort the typical flow of construction work while also driving up labor costs.
In many cases, workers chase the highest-paying phase of disaster recovery, forcing up the pay scale and leaving contractors without enough skilled hands.
"They just find their way into hurricane-related work, then jump from job to job," Peaden said.
Hurricanes or no, Florida continues to be one of the home building industry's hottest markets.
The Sunshine State produced 12 of the 48 U.S. home building markets that reported volume increases of more than 20% between the first quarters of 2004 and 2005.
I also got some SMID, it earned 0.19 last quarter, backlog doubled compared to last year, will benefit from new highway funding.
syte, a potential 10-bag computer service company, just earned more than 0.2 cent last quarter, expected more this quarter, yet only traded at 3.9 cent.
SSG.TO, dirty cheap high growth computer service company, just earned $0.27 vs. $0.21 estimate last quarter, with book value $6 per share, only traded at $10.75. It has long term solid customer relationships, some of them go back for decades. Management sees solid business and high growth in the near future. Its earning estimate this quarter was raised by $0.04 just this weekend. Considering its small size (about $40 million market capitalization) with solid risk management business, it is also a good taken over target, according to TD Waterhouse's analysis. When it announced to earn $0.17 in February, it rose over $12 within a month (though fluctuated at $8 due to heavy profit taking during the first 2 weeks). Should rise to above $15 this time, though profit taking will slow the process.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 4, 2005--Sierra Systems Group Inc. (TSX:SSG - News) today announced its most profitable quarter since becoming a public company in 1998 with earnings per share of $0.27 for the three months ended June 30, 2005. This represents the third quarter in a row the company has generated strong earnings and revenue growth after restructuring in fiscal 2004. Earnings per share for the nine months ended June 30, 2005 was $0.65 compared to a loss of $0.53 in the prior year.
"I am very pleased to announce such strong third quarter results," stated Iraj Pourian, Sierra Systems President & CEO. "Not only have we achieved continued growth while undergoing significant organizational changes, our earnings show consistent increases quarter-to-quarter. I am particularly pleased to announce that our revenue increased from the same period last year by 8%, and by 5% from the immediately preceding quarter. Despite the company's exit from the Washington D.C. marketplace at this time one year ago (as part of its organizational restructuring), Sierra Systems' revenue numbers continue to climb."
Arawak Energy (abg.v) has a profit taking pull back after quick rise from $1.35 to $1.82, and it is consolidating its base at $1.6. Next rise will be around $2.1, which was its recent private offerring price.
It has 72.5 million barrels of oil equivalent. It just reported 20% increase in crude oil production to an average of 5,730 bopd in the second quarter of 2005 as compared to the preceding quarter, and it expects to have an average of 10,000 bopd early in 2006, and nearly 40,000 bopd in 2009.
Thank sskillz, lentinman for listing so many interesting information on this contest. These information is insightful as well as helpful.
Bought some LTFD due to its growth potential plus low valuation. Thanks for your posting
I agree that analysts work for biggies rather than small investors like us.
What would VPHM look like if its competitors find better drug? There will be some winners among biotechs, but the number will be very small. VPHM has not talent to invent on its own, so they have to buy. How likely will it become among the winner? Five years ago, people said telecomm is not cyclic, but now how many people would still think it is not cyclic. Why Biotech is not cyclic when its product often becomes obsolete in short time period? People do not have to use Vancocin, but they have to build/repair houses by using products from building material firms like IPII.
In my opinion, building material firms like IPII is much safer than biotech companies where many investors lost lots of money due to high promise and low delivery in 2001, and IPII deserves as good pe multiple as biotechs if not better. Threrefore, if it earned $0.5 in 2q, IPII should be traded at $40-50
LTFD, gilead23, Is LTFD a gaming company? If so, they should be traded at pe multimple around 20 considering its high growth potential.
Arbitragy opportunity from AABT, a Boston bank
UCBH announced this morning that it has signed a definitive agreement to acquire AABT for $34.3 million or $21.57. Currently AABT is traded at $19.75
VPHM, MSGI, Most of revenue growth in 2q over 1q came from price increase. During conference call, the company was unable to give more information on where revenue growth came from, if it had seasonality. According to the company's guidance, the revenue in 3q-4q may be about $26 which is lower than 2q. I understand they had lower guidance a few months ago, but it is true that nobody really knows if there will have definite sale growth in the near future. Anyway I decided to pass this one at this time. Thanks for your opinion.
VPHM & IPII valuation myth
Maybe I am not smart, but I do not understand why vphm should be traded forward pe 20-40 whereas ipii only 10-15. For me, ipii should be traded at pe at least 20 whereas vphm below 15. The main reason is ipii owns its trade secret whereas vphm does not and it depends on Lily. When Lily or some other major drug companies invents something better than vancocin, how vphm will continue to make money?
The major risk for vphm are:
1) Decreases in the rate of infections for which Vancocin is
prescribed or changes in the prescribing or procedural
practices of infectious disease, gastroenterologists and
internal medicine doctors;
2) the development of generic or new competitive pharmaceuticals
and technological advances to treat the conditions addressed
by Vancocin;
hweb, NKBS steadily increased its book value and earning per share in the past 5 years, and the company is expecting to increase its earn to $0.4 per share. But why did its share price trend to negative direction from over $6 a few years ago to a little over $2 at present?
JCC drop from $40 to current about $23 due to the low pricing of gas in China. With recent 6.25% gas price rise and yuan appreciation, it should reverse its disppointed earning trend during the first half year. Similar to the second half year of 2004, the second half year of 2005 will be great to jcc. It is not surprising if we see jcc traded at $40 again by year end.
SODI is dirty cheap compared to other semiconductor industrial companies with average pe ratio above 40. If it rises to pe ratio of 10, if should worth minimum $4 plus $1-$1.25 cash dividend.