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CCME China MediaExpress - Has anyone got any payouts from the class-action lawsuit? I know it has been a long time but just want to get an update since I haven't followed the fiasco for a long time.
Haven't followed the CCME story for a long time, sorry for the dumb question, but have any of you got any cash back from the lawsuit?
LNKD great call.
Hulbert's sentiment #'s -- do you need to subscribe to his Financial Digest to get the numbers?
CMM looks like a good deal at the current PPS, which indicates the company is worth nothing after dividend is paid. I took a small position. Q3 due in mid-Nov which I expect to be better than Q1-2 due to industry seasonality.
Constant selling in Chinese solars. Profitable companies selling for less than half of book value. Across-the-board hatred by Wall Street I guess. Shrug.
GURE Marc, thank you very much for sharing your excellent work.
GURE - Marc, excellent photos and description.
GURE -- Marc, where did you post the pictures?
When looking to http://g.co/maps/ba7p you'll be able to distinguish:
- top left of the site and next to the brine storage pond: the 2 cylindrical Bromine extraction towers which you could see in the pictures I posted yesterday
GURE very nice. Looking forward to your report.
Rames, thanks for the update. How do you rank STP, compared to TSL and YGE? I read from somewhere that STP and TSL have the best sales channels for the China market. This is important since the China market is growing quickly and will eventually overtake the established European markets. What's your take on STP?
GURE -- Marc thanks for the info. GURE is definitely getting very interesting for sure, based on the ridiculously cheap price and its future growth potential.
No, I way I read it is that adjusted EPS will be higher than 1.43 because you need to take out the non-cash impairment to get the adjusted EPS.
GURE I don't get it either. They already have $32M NI this year. $23.5-25M adjusted NI for the rest of the year sounds very conservative to me.
GURE the new guidance includes the asset write-offs of $7.6M. Add $.15 per share for adjusted EPS. Still stupid cheap at these price levels.
423.hk HK Economic Times
Leading financial newspaper along with HK Economic Journal.
I would rank Oriental, Apple, and Ming Pao in that order base on my observations. SCMP is an English newspaper so no surprise it's way down on the ranking.
No I'm currently in Shenzhen, but I go to HK once every few weeks as my parents are there. I worked as a computer programmer there.
I think it's obvious the general long-term readership trend is shifting from physical paper to online and mobile devices, as clearly the young people are hooked on ipads and mobile phones and they mostly don't have the habit of buying and reading physical newspapers (from my observation at least). I think whoever has the most online presence will come out leading going forward.
CCCL you're welcomed Fernando. Never trust those online translators. They're decent for single words but horrible on sentences. :)
CCCL Fernando, that 6M capacity is for EACH production line, according to the article.
CCCL excellent earnings. What I like is that the national affordable housing build-out will provide support for ceramic tile demand and prices for the next couple of years at least. Q3 and Q4 will be an especially strong Q's because many construction projects under the affordable housing program have not even started and are behind schedule. More projects are to commence construction as the government mandates certain percentage of projects to commence before end of this year.
Disclosure: long
18.HK
yes this one is interesting. I lived in Hong Kong for 15 years and I know definitely this is one of the leading newspapers (if not the leading one), and it seems to me it's especially popular among the mid-aged and older, male demographics (perhaps because of the Adult pages).
Ultimately, I think Kappa can avoid a lot of the competition between the Chinese brands because it has positioned itself on a different level from them.
I thought so as well when the company first became public. But I just don't see that much of a difference between the Chinese brands these days. I also think 2 or 3 years ago Kappa was more of a fad and now the fad has worn out quite a bit. I guess the performance numbers speak for themselves.
The company is still profitable, and I think the downside is limited due to the net cash and current assets per share and the buybacks that just started. Notice that they didn't even announce it to pump the stock, they just did it because they know it's a good use of cash. They have been generous with dividends in the past as well. At the current price, you are getting Kappa and a few other brands practically for free. In good times, these brands can generate 30 cents per share in earnings.
I think the risk is whether or not the brand will die a slow death. The new CEO may help but I remain skeptical. Stock price has priced-in negative growth so downside may be limited but the same can be said for the upside as well.
You like the sector? The stock is cheap and pays good dividend but the sector doesn't look too attractive at the moment. The market is saturated with sports apparel and footwear brands IMO.
TSL - I had a chance to buy them at 26 in 2009 and have regretted it ever since.
you mean 16 right?
Entering at these price levels when solar sector sentiment is doom and gloom is a wise thing to do IMO.
Effective July 25, 2011(the “Effective Date”), China Solar & Clean Energy Solutions, Inc. (the “Company”, “we”, or “us”) and our wholly owned subsidiary Deli Solar Holding Ltd. entered into a Joint Construction Agreement (the “Agreement”) with Guizhou Fuxiang Eco-Industrial City Investment & Development Co., Ltd. (the “Guizhou Company”), pursuant to which the Company will assist Guizhou Company in constructing the green eco-buildings construction projects (the “Projects”) located in Guizhou city in China applying with low carbon and eco-technologies for the purpose of energy-saving, low carbon ecology, and integrated solar energy solutions.
CSOL can somebody tell me where is Guizhou City? I know there's a Guizhou province...
CHNG gee, no wonder this POS has been going up the past few days.
HOGS - Yurun (1068.hk), also a meat processor, down 20% today on fear that MW will hit it with a hitpiece. Unreal, this MW. Never thought they would hit stocks on the Hong Kong exchange.
Why do you think SINA is not legit?
HOGS - gapped up, large put activity this morning...eom
XING/QXM - David Webb, a Hong Kong-based stock analyst famous for revealing fraudulent companies, questions Wu's credibility:
http://webb-site.com/articles/realgold.asp
HOGS - GEO said SAIC and SEC numbers are mismatched. Put activity has been up the past 3 days. Perhaps a hit piece coming?
QXM/XING - Wu Ruilin, XING's chairman and QXM's vice chairman (His son is QXM's chairman), pledged the entire equity of Real Gold Mining (246.hk, of which he is the controlling shareholder) to a bank to get a personal loan without the Board of Director's consent. He did that twice, once in 2010 and once 2009.
Wu essentially put RGM's shareholders at risk if he defaults on the loan.
Disclosure: short XING
The P/E values on some of the stocks on your list are off by a very large margin, FWIW.
You have the link to ThrowerW's board? TIA
CHNG - agree. I think they're running some of their LNG stations without the required licenses. This has scam written all over it.
HOGS - quick look at Rame's site:
FY11 P/E around 6
Raised 5M shares in Mar this year
Price/Sales (2 MRQ Projection): 0.35
Price/Book (MRQ): 0.99
Auditor: BDO China Li Xin Da Hua
Market cap $368M