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SIHI-Earnings Tommorow 50% revenue growth, 5x earnings, top auditor, this is a no brainer.
Did anyone here get those 1.72's in after hours, my friend called me but I was driving and didn't have my ib security card.
Thanks I don't know why he didn't tell me that, as I specifically asked "you have around 6 million in cash how do you plan to finance this CAPEX"
Anyways I was staying away from the name as frankly I thought he was lying to my face about not needing more cash. Looks like I have more DD to do now
CCCL-Talked to CFO a week ago and he said they currently have no plans for PIPE's or Equity dilution. Just found this interesting because they have 6 million in cash (Sept 30) and they are planning 34 million (for 2011) in CAPEX for Hengda & Hendali. I've looked at the name briefly, but haven't jumped all in yet, so is it plausible they'll be generating that much free cash flow?
Great News, lets just pray the 10K comes out on time
CGPI-Documentation refuting GEO report https://cgpi.box.net/shared/ttfak2x913/1/65906367/606977039/1#/shared/ttfak2x913/1/65906367/606976393/1
Does this prove the 339,442 square meter's of land CGPI claims to develop future tombs is not a lake, as Geo speculates. (I can't read Chinese)
CGPI is also working with new CFO and Corporate Attorney to provide a detailed response to Maj's piece.
OT: Covering SP500 Shorts I think we'll hold these levels.
CMFO-Up 17% They lowballed 2011 guidance like they always do. They officially guided for revenue growth of 19.67% (excluding 4 million of cold storage rev), yet their individual segments guide for 20% (processed seafood), 40% (Beverage), and 25% (Marine Catch) growth. Looks like they'll crush numbers this year too.
Personally I'm thinking they'll put out at least 25% rev growth and put in 1$ eps. Unless they conduct a raise, which is unlikely because they have low CAPEX expectations for 2011, plus strong cash and they actually collect AR's.
I'm long
CSR- I wouldn't touch this stock. They are cheap, but this AR problem results in a never ending cycle of dilution. Yes they'll put out great EPS/Rev growth, but it will be supported by constant and never ending dilution.
On the latest call they said they expect current AR trends (aka hemorrhaging cash) to continue, and until this changed I wouldn't touch the name.
Look at last year they had 77 million NI but still burnt through 176 million in operations. In addition they spent 144 million on deposits for acquisition, property, and intangibles. Which resulted in them having to take out almost 200 million more from banks, in addition to diluting common shareholders 65 million (on top of their 80 million dilution the year before).
Toups is a complete dumbass, the warrant overhang is finally gone but now he creates a new one by talking about future dilution. What he fails to realize is everyone is waiting till after the raise to buy in, so he never would have seen a higher price than 2.70 (and i told him this at 2.70) He either needs to
1. Use debt financing for acquisition (difficult to find) or for working capital purpose (and use cash that was for WC for acquisition)
2. Go ahead and dilute and get this overhang gone (then issue bullish guidance)
3.Or make pr stating we have no plans to dilute now as we believe stock is significantly undervalued, and we will now use internal cash flow.
This stock is absurdly cheap if you can hold at least 8 months, this overhang will be gone one way or another, and we can expect to be making money hand over fist (long term).
3rd largest position in my portfolio
Ccme this was the shorts last stand, now I'm prepared to make money hand over fist over the next two months.
WATG-Net income and Revenue are expected to increase due to their cutoff errors.
Historically, the Company has disclosed in its Annual Report that "revenue from sales of its products is recognized when the significant risks and rewards of ownership have been transferred to the buyer at the time when the products are put into use by its customers, the sales price is fixed or determinable and collection is reasonably assured." During 2008 and 2009, two of the company's significant subsidiaries recorded period sales and cost of sales based on when usage reports were provided by the customers. The periods covered by the usage reports, however, did not always exactly correspond to the financial reporting periods. As a result of these cut-off errors, sales, cost of sales and net income for individual financial reporting periods (annually and quarterly) have been misstated. The Company and its subsidiaries are implementing accounting procedures designed to permit the Company to report its financial results consistent with U.S. Generally Accepted Accounting Principles ("GAAP"). As a result of these changes, the Company's revenue for 2008 and 2009 is expected to increase from what previously was reported as a result of the shifting of revenue from 2009 to 2008 and from 2010 to 2009. The Company's net income for 2009 and 2008 also are expected to increase as a result of these changes. In addition, the Company continues to expect to meet the previously announced guidance for revenue and profit in its press release dated November 9, 2010.
I can't wait to see the following price action, should be a highly educational event.
Macau Gambling Rev up 48% last month, just on CNBC
Anyone else long AERL
Thank SA for that, bringing in hordes of incompetent, unsophisticated, retails who are stupid enough to sell here.
Although I'll also thank SA for this great buying opportunity.
I'm just praying this volume dies so the shorts can't cover.
They have countless better options to trigger the squeeze. Anyways I have high hopes for those earn out shares, can i hear dual listing.
Around .57-.60
Alot of brokers have apps you can use. I have Interactive Brokers, Charles Scwabs, and Etrade.
Interactive brokers app is pretty bad. I've had problems routing orders to correct exchanges, not executing orders, and it randomly closing. Not something you want to be trading with, although handy while your on the go. Usually it works about 90% of the time for me personally.
Etrade's is much better 10x more sophisticated, actually works flawlessly, and a much better interface.
Scwabs I have rarely used, as my IRA is with them and I rarely trade that account.
Personally I couldn't live without my Ipad, no matter where I am (in US) I can read pr's, 10q's, 10k's right when they come out. Then I can also trade instantly off that info. Also it optimizes my time, If I'm waiting at the doctor I can be reading sec filings or researching something. Buying an Ipad pays for itself pretty quickly.
Anyways I don't plan on going till after March, you can't pull me away from audit season, I believe it will be a giant relief for the RTO space (or at least the premium names CCME, YONG, etc).
I know I was following it on and off. I just found the link an interesting read.
Im currently on the sidelines, not buying the beaten down names.
OTCBB Delisting and rule 15c2-11
One possible reason for the mass Bulletin Board delistings in the past week is that a large broker-dealer acting as the sole market maker for a number of stocks completely withdrew from the OTCBB, leaving hundreds of stocks, like this one, with no market maker and sending them to the OTC Markets four days later. This is difficult to prove, but a similar situation happened last year when major broker-dealer Knight Equity Markets stopped quoting securities on the phone-based, fee-laden OTCBB and switched primarily to the no-fee, electronic OTC Link.
http://blog.redchip.com/index.php/stocks/otcbb-delistings-and-rule-15c2-11-what-happened
Interesting theory
OT: Costa Rica Does anyone know how I could get wireless internet to work for my Ipad in Costa Rica? I want to go for a couple weeks but its imperative my Ipad work for research and trading. TIA
US Cannot Confirm Rumors Gaddafi Shot; Oil Tumbles
http://www.cnbc.com/id/41764127
For anyone who doesn't know yet.
That's insane, with earnings coming out the 15th, I piled right in after you. What dumbass would sell those for .35?
Rames ZSTN GPS segment is the sole reason I own the stock. They have two subsegments
1. the sale of actual devices (like tomtom)
2. the Support & Service segment
The device segment has slightly higher margins than their traditional Cable TV and HD TV products, although this should widen as their TV ASP's erode faster than GPS devices. The support & service segment which provides tracking systems and 24/7 call centers is a great source of reoccurring revenue. Not to mention any revenue is passed almost directly to Net Income (you can imagine the cost of running a chinese call center, I think it was like 28k cost to bring in 2 million in service/support rev) This segment had 99% margins for 3 months ended sept 30, 2010. For those 3 months their GPS devices had sales of almost 6 million while service was about 2 million (the CFO also said you can expect this 3 to 1 ratio longer term). Because of how revenue passes through almost directly to NI, its pretty amazing. For sept 30, quarter they only had 6 million NI of which 2 million was from service alone. As ZSTN grows this GPS segment, NI will skyrocket not to mention provide a stable source of reoccuring revenue. What I would like best (although highly unlikely) would be for ZSTN to sell out their legacy TV business. Even if they sold it at 3x earnings it would bring in 57 million in cash. Which would make them currently trading below cash value, plus they'd have a highly profitable relatively stable business.
and yes managements recent raise was quite concerning, anyways I'm still long.
Couldn't agree more LPH is a rare opportunity, in which the fundamentals have gotten stronger and stronger, while the share price has gone nowhere. I can't even fathom this not being a double one year out. Warrants will be almost gone, and dilution fears will subsidize in the next couple months. The new facility will be churning out net income. See you at 4$
I'm out for the rest of the day, leaving for vacation.
Muddy Waters, LLC has reviewed the report on China MediaExpress Holdings Inc. (NASDAQ: CCME) issued today by Ping Luo (of Global Hunter Securities), as well as the February 7, 2011 open letter from CCME chairman Zheng Cheng (http://www.ccme.tv/eng/ir/ceo_letter.pdf). The report and letter are responses to our February 3, 2011 report, CCME: Taking the Short Bus to Profits.
Ms. Luo and Mr. Cheng’s documents contain gross misstatements of facts that are material to the investment case in favor of CCME. Muddy Waters, LLC intends to respond to these misstatements with evidence of the inaccuracies within a reasonable time period.
We reiterate our Strong Sell rating on CCME, and stand by our conclusion that CCME management is significantly inflating its revenue and earnings in order to generate management earn-outs and inflate the stock price so insiders can sell.
We intend to shortly contact CCME’s auditor, Deloitte & Touche LLP, and the enforcement division of the Securities and Exchange Commission with documentation of our work, including evidence that directly contradicts statements in the aforementioned documents. Such evidence will include transcripts of meetings and telephone conversations between Muddy Waters, LLC and individuals with authoritative knowledge of the matters in contention.
What a POS response
What a POS response, but the stock is tanking. I fully expect the shorts to bring out the paintbrushes and CCME sell off substantially before close.
Delete
Delete, Duplicate
Unfortunately we are just spectators in this war, giving advice to the real combatants, the companies. Who usually ignore it as their share price retreats. The companies have real weapons (unlike our BB guns) like suing these shortsellers for their defamatory claims, or what i refer to as the atomic bomb (refuting all claims, crushing all short seller arguments 100%). Deployment of the A-bomb will result in a violent victory which will cost our opponents tens of millions of dollars while simultaneously rewarding the spectators for their support.
I can't wait for the Tomahawk missile (Ping's report) to strike this week.
Question 2: How did he not understand the question, it was straightforward and simple?
Great question though I never thought of them paying partially cash and partially shares to the company. I just think it would be unlikely for the target company to want LPH shares.
My Message to Toups: Go ahead dilute, its clear your not strongly considering loans, so we might as well get the dilution/S3/overhang gone. The acquisition will be accretive, and this dilution will shrink EPS marginally.
I have no problem holding till next year or 2015 for that matter, so lets see LPH make acquisitions that make the company significantly stronger long term.
Toups just answered my tar margins question: Tar products will have higher margins compared to their current product mix.
Actually I can say I received an email from a very reputable source saying ping luo has confirmed the buses at hq.
What was Crane thinking? He didn't cooperate with the inspection, pay his annual fee, or file his annual report. Now he's permanently barred from being with a public accounting firm.
After meeting Crane in person, I always thought he wasn't the brightest guy, but this is ridiculous. Nice one Crane
LPH Conference Call
Book Value 1.81 a share
Toups stressed they have good financial controls, and they are now adhering to 404B because of their size.
Looking into upgrading but Child Van Wagner has a presence onground in China and is reliable.
Looking for large accretive acquisition (in another region) and will try to finance internally although it is expected to be quite large therefore will likely use some equity.
Expecting another fuel price hike in 30 days.
Another solid quarter,hopefully we'll break 3 soon.
Don't need them anymore Thanks Fernando
Anyone Have MW Spreadsheet they could email me.
CCME/ONP
I totally disagree with the statement CCME will have the similar price action over the next couple months. ONP took forever to finally clear the allegations and there still is doubt over if in fact they ever were cleared (As they wouldn't let the audit commitee see everything, They didn't have a big 4 auditor, etc). Heck that's why I talked to you (Rick) about my residual position in ONP, it would take hundreds of hours for me to review all the evidence and rebuttalls, its just not worth my time.
CCME on the other hand has had so much DD conducted on them by so many parties that I believe when the 10K comes out in March it will absolve all allegations. Its not that people believe the accusations its just that now noone has enough conviction to aggresivly buy (which the clean 10k will provide). Also I would implore the company to conduct either a Point by Point rebuttal that crushes all shorts arguments or Undergo a forensic audit no matter the cost. CCME Must get these allegations behind them as fast as possible to prevent an ONP type price action, also they must take legal action against MW & Citron as it really is a slam dunk case and would set a statement to shortsellers "come after us and get destroyed"
Quite peculiar the blog has vanished, you can still see peoples comments if you view their pages, but other than that is has vanished.