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Never can tell, a lot of stocks I see don't seem to follow the market cap to earning and O/S ratio at all, sometimes in a very good way for shareholders, where price and market cap goes way above revenue, sometimes in a not so good way, where market cap is even below revenue.
Couple of things this has in its favor, It's a new stock to the market so that alone should generate some interest, it already has revenue and assets, and even after the merger, from what ssp said, the new number of O/S won't be a part of the public float right away, which could leave a window for an interesting period for the stock, my opinion anyway.
The $5.47 part sounds good! lol
One good thing about having so much of my attention focused on events with other one is that it makes the day to day wait to see what happens with AZTC go by a lot faster! lol
That would be good lol
I was thinking the same thing regarding the name and wondering if it would overshadow the Asia Forging & Chinese aspect of the stock.
dijeetyet again thanks, really puts the PRE14C info in good context.
I hope you're right and this works out for us, but I also hope it works out for the people and city of Detroit. I was looking through some pics and data of the city tonight, those people could really use a break and have something good happen up there.
What do you think of the PRE14C? I'm like Tom Brokaw saying "What does it all mean?" right now lol
I wish somebody stock smart like SSP would say something about this lol
My initial reaction is I am happy they are a real company, with real assets, and generating real sales revenue, but their 2007 numbers were below projections, and definitely not on pace with the 2008 and 2009 forecasts we've seen. They will definitely need to have something else on the horizon for this company to show the growth necessary to get the stock to where most of us would like to see it I think.
Detroit International Auto Salon Corp is a good name, but Componus, and especially Asia Forging would have been fine as well.
Hope the name doesn't hide the Asia Forging Supply, or Chinese aspect of the company after the merger.
Good work MQ! :p
And as it turns out, he was basically right, so it's called a PRE14C rather then an 8k, whatever.
If I am reading this right, 10 million in assets, 14 million in sales revenue?
Well something is out tonight, a pre14c in the filings.
Hey Joe Legs thanks for the pm,
here is where the talk of the 8k originated:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28718496
Wish I could ignore you as well.
And if it was a short covering it makes sense too, who would want to hold short over the weekend this late into the merger process, with talk of an important 8k soon as well.
No please don't lol
Either that or the short from late March did indeed return last week and is now starting to cover. Either way good for the stock!
Jim McElroy's article Take me to the Auto Salon, a couple of things I missed the first time I read it:
"The auto salon is the brainchild of an entrepreneur named Eric Huang who has already created a similar salon in Taiwan with huge success."
- Hmm I wonder if it's possible that this Auto Salon in Taiwan will factor into Componus down the road?
"Huang is an astute businessman. He's taking it one step at a time. To keep costs low he took over half of a gigantic building in Allen Park, Michigan that's been empty ever since Visteon, the supplier company, vacated it a couple of years ago. (Jack Roush has operations in the other half of the building)"
- Kind of cool that Jack Roush is their neighbor / co-tenant, heh
To each his own I guess. lol
The best way to gather information is through the 8k's when they are released. You won't get much info that isn't already out there from contacting a stock's officers because they can't tell you anything in advance anyway.
Relax, and let whatever is meant to be happen. Whenever I see forums where a bunch of people either are in contact with, urge others to contact, or believe they have advanced knowledge through contacts with a company's officials, it's never a good thing. lol
They probably don't want to be bothered anymore while they working on this merger! LOL
Maybe that was it, a handbrake turn in the opposite direction of all the issues he mentioned, though I hope that's not their stock chart! lol
Their English side needs a little work, but it's sort of endearing, like that Gung Ho movie right now I suppose.
Re: JPCI, Ok so maybe he sounds a bit quirky and a little eccentric, but lots of quirky eccentric people have been very successful, besides, anyone who says: "In the name of our Lord Jesus Christ , I declare all the problems like disputes , troubles, diseases,curses and chaos have to brake away from us today." sounds like someone whose ready to kick some serious @$$ on a global scale! lol
Investing is absolutely a learning experience each and every day. I only wish I knew back in 2004 what I know today, and if this does bring me back to where I hope to be, I will not make the same mistakes again.
That said, there are probably many other investing mistakes to avoid and stock lessons to learn even with the experience I've gained so far. It's not easy, but that will only make us appreciate and enjoy any good fortune we have even more in the future.
Your smart getting involved in investing now, and lucky if this merger is as good as it appears. That's the way to do it I think, if China is going to become the new Superpower might as well ride their wave of prosperity. Not like we (US & China) should have to be adversaries either, they need us to prosper & buy their products as much as we'll need them. Wish more people would learn about investing and the potential independence it can bring to offset some of what's happening in the US, rather then looking to politicians who are full of crap for answers.
They don't use the plants, like rent them out or anything either, basically it is a coalition of many factories throughout China, Korea, and Taiwan, and our company, with the established sales network, is the prime contractor for those factories.
Think about it, the Big Three and other major firms aren't going to want to have to deal or place orders with dozens of individual factories on a one by one basis, that's why Componus as the prime contractor for a large number of these factories, is in a great position and can take a prime cut from every deal. It is a great position to be in in my opinion. The Auto Salon, the second half of their business really compliments the Asia Forging supply business as well I think.
It's fine if this gets a large following someday, maybe during or even after any big move has hopefully taken place, but one of the reasons I felt so good about this stock before even the first news of the merger arrived, was because no one was here.
With shells, if I see a board with a large number of board marks and a ton of people posting I avoid it like the plague. I don't think there has never been a shell stock merger that has taken off, where a large number of people knew about, or followed it in advance.
Those Canouses, they're everywhere! lol I confused your "Canouse folks" reference with this previous post: http://investorshub.advfn.com/boards/read_msg.asp?message_id=28095763
Another poster here mentioned that he was surprised the Canouse people were already at JPCI, I thought he was confused about the merger, now I think he may have mixed up Canouse and Componus.
I feel good about the stock itself, jus not sure about the 23rd being the date the big 8k. We'll find out soon enough lol
Haven't seen any news today? If you mean the speculation about the 23rd, would be great but I don't trust stock message board posts that mention dates too much. I could be wrong though. lol
Absolutely, this place had only two people when the first 8k was released.
Hopefully lol
Wow, then I'm well on my way to success! haha
Not that it wouldn't be great if we actually do get another 8k today. lol
Canouse is the name of an individual, John Canouse.
Take everything you read on a message board, especially related to stuff like dates, with a grain of salt.
It's even riskier as more time goes by, as that means it's likely closer to the actual split / merger and whatever else comes with that.
If I am right about the short from late last month being back and having to cover soon, I hope he chases it into the .40's this time around, .34 is getting boring. lol
It's easily passed that on the last couple of moves, why wouldn't it again?