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stanu, re: ETLT - good move i think. looks like a breakout is occurring.
CHID (+15%) showed a heartbeat today, although it's very likely that it's just a delayed pulse from the last time the paddles were used.
yet again mr.sheep demonstrates that he knows what's best for padding his stats.
kik, re:fossilman.
zen is right - fossilman is a successful workerbee turned poker player. he also is regarded as having made one of the most amazing back-to-back poker accomplishments in the WSOP main event. he won it in 2004 in a field of ~ 5000, then came back to finish 25th in 2005 in a field of ~ 6500.
i definitely meant it as a compliment to your back-to-back performance to-date.
and zen, i DO love watching those tournaments! seeing those guys sweat out every decision with millions at stake...that floats my boat.
ssk/len-fill/kill TST freeze 5.80
-steel
KIK is the Fossilman of PSL ;^)
Collusion!!! ;^)
Thanks for the DD answer as well. I agree with your conclusions.
Len - is one allowed to double-down into a stock that has dipped under .25? (e.g. CHID)
CHID - capitulating today. i admit to still holding some of this disappointment. 8k filed the other day divulged the departure of 3 directors -- good riddens. get rid of the old hypesters, and start fresh.
rrufff, re: CHID
Shares are actually closer to 58M since Zhuo Tong merger was called off.
Hard to see it getting much cheaper here despite total management lunacy. I smell class actions coming.
XWG - Share buyback of 100k complete, 150k+ remaining. Long here and willing to add at these levels.
Wireless Xcessories Group Completes Initial 100,000 Shares Purchase Under Previously Announced Buyback Program
Thursday August 17, 4:00 pm ET
HUNTINGDON VALLEY, Pa., Aug. 17, 2006 (PRIMEZONE) -- The Wireless Xcessories Group, Inc. (AMEX:XWG - News), a nationwide manufacturer and distributor of electronic and cellular accessories and creator of private labeled websites for affiliates, announced today that it has acquired 100,000 shares of the Company's stock via open market purchases, as part of a previously announced program to purchase up to 250,000 shares of the Company's common stock.
The Company's Board of Directors has authorized additional stock repurchases, via the previously announced Stock Buyback Program, throughout the balance of the year.
CHID .01 vs .01, but predicting big Q3...we'll see.
China Digital Q2 Revenue $3M, Net Income $474,000
Monday August 14, 6:59 pm ET
LOS ANGELES, CA and SHENZHEN, CHINA--(MARKET WIRE)--Aug 14, 2006 -- China Digital Communication Group (OTC BB:CHID.OB - News), a fast growing Chinese battery components manufacturer and supplier of 3G telecommunications equipment, announced today that revenue in the second quarter ended June 30, 2006 was $3,027,810. This compared with revenue in the second quarter of 2005 of $3,316,327. Net income for the quarter was $474,105, or $0.01 per diluted share, compared with $698,656, or $0.01 per diluted share, in the second quarter of 2005.
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For the first six months of 2006, revenue was $6,211,357, compared with $6,223,839 in the first six months of 2005. Net income was $1,210,888, or $0.02 per diluted share, compared with $1,426,596, or $0.03 per diluted share.
At the end of the quarter, cash and cash equivalents were $3,234,905 and current assets totaled $9,682,382. Net cash provided by operating activities in the second quarter was $525,783.
China Digital CEO Ran Liang, said, "Although we continued to be profitable and to generate positive cash flow, we were disappointed by the performance of our battery components business, which was adversely affected by increased competition. Sales of steel battery shells were up, but sales of aluminum shells and caps were off substantially. We are focusing hard on regaining our forward momentum in that business with the introduction of a new line of complete lithium ion batteries. In the meantime, our results in the third quarter will reflect a significant financial benefit from the acquisition of Galaxy View International, which occurred on June 28, 2006."
Ms. Liang said, "Our reported financial results for the quarter and first six months did not reflect any contribution from our June 28th acquisition of Galaxy View except for an insignificant amount of revenues that occurred during June 29th and 30th. In the second quarter of 2006, Galaxy had revenue of $2,490,483 and net income of $1,275,885 and was a strong cash generator. Galaxy is growing at a rapid rate, and we believe our financial results in the coming quarters will benefit substantially from the inclusion of Galaxy. Galaxy's financials will be incorporated in our consolidated third quarter results."
CPAK - with you guys here. #'s are too good to ignore.
XWG - value play from these levels. modest growth predicted, good cash in the bank. snagging shares here at the 3-3.02 level.
ETLT - Getting some pre-earnings action. Nice one SSK.
CHID - China Digital Communication Group Begins Assembling Lithium Batteries
Tuesday July 18, 5:20 pm ET
LOS ANGELES, CA and SHENZHEN, CHINA--(MARKET WIRE)--Jul 18, 2006 -- China Digital Communication Group (OTC BB:CHID.OB - News), one of the fastest growing battery components manufacturers in China, announced today that its subsidiary E'Jenie Science and Technology Co. plans to begin assembling lithium batteries following a successful series of production tests. The company is currently accepting orders for complete lithium batteries.
China Digital CEO Ran Liang said, "This is a major milestone for our company. E'Jenie is already a recognized leader in manufacturing shells and caps for lithium batteries. We are expanding our capabilities to enable us to manufacture complete batteries and meet the rapidly growing demand for these products. This will expose us to an extensive new list of potential customers and an additional source of revenue."
Lithium ion batteries are used for MP3, digital cameras, camera recorders, mobile phones, PDAs and other electronic devices. With the exploding wireless markets in China, a potential market of nearly 500 million users, market observers believe the battery business in China will continue to expand rapidly.
CYDI.PK--Profitable Chinese DNA/RNA Tissue assay co trading below cash, 10k just filed. May be returning to .OB soon as a result. 2005 results punished as a result of professional fees related to becoming public.
This is a multibagger waiting to be discovered, but discussions with mgmt indicates to me that they have no clue about what it takes to run a public company. Regardless, I'm in and hoping that they find a clue somewhere.
http://sec.gov/Archives/edgar/data/19002/000111650206001429/cybrdi_10-k.txt
XWG getting found today as part of IFO/FORD trifecta, per Briefing.com
Len - that double-up on CHID was perfectly timed! Fess up; you had insider info hehe.
Berliet, re: CHID - you make some good points. One important factor to consider for the remainder of '06 and entire '07 is the growth rate of Sono. The published unaudited #'s are based on '05, so if things are going gangbusters for them, their audited #'s for the remainder of '06 may be where CHID management is getting their higher EPS. We haven't been told anything about Sono other than what happened in '05, so this unknown could go either way.
SSK - Please double down on CHID, releasing PTLD.
Thanks.
CHID - Galaxyview acquisition goes through; .09 EPS for 2006, pro-forma 2006 EPS of .11. 5-year lockup on 7.5M shares used for acquisition.
China Digital Enters Chinese 3G Communications Market with Acquisition of Galaxy View International
Company Says $8M Acquisition Accretive in 2006
Los Angeles, CA and Shenzhen, China, June 29, 2006 -- China Digital Communication Group (OTC Bulletin Board: CHID), one of the fastest growing battery components manufacturers in China, announced today that it has completed the acquisition of Galaxy View International, Ltd., which operates through its wholly owned subsidiary Sono Digital Electronic Technologies Co., Ltd., a leading supplier of third-generation (3G) communications technology and equipment in China, in a cash and stock transaction valued at approximately $8 million.
In 2005, Galaxy View had unaudited revenues of $6 million and unaudited net income of $2 million.
China Digital acquired all of the outstanding shares of privately held Galaxy View for $3 million in cash and 7,575,757 unregistered shares of China Digital preferred stock valued at approximately $5 million.
China Digital CEO Ran Liang, said, "The acquisition of Galaxy View and its wholly owned subsidiary, Sono Digital, positions us to become a competitor in the new rapidly evolving 3G technology communications industry. China is active in the worldwide technological shift to 3G technologies, which allows for data transmission, e-mail and instant messaging. We believe that the acquisition will positively impact our 2006 financial performance. For China Digital, this marks the beginning of a strategic transformation to become a manufacturer of high-tech products and technologies to 3G communication systems wireless providers."
Under the terms of the acquisition agreement, Galaxy View shareholders agreed to a lock-up provision restricting the resale of their shares for a five-year period. Each preferred share entitles the holder to seven votes per share on all matters to be voted on by the shareholders and will be mandatorily convertible into one share of common stock after five years.
According to U.S. GAAP rules, China Digital will report revenue and net income from Galaxy View commencing upon the closing date of the acquisition. Estimated diluted EPS, assuming that the Galaxy View acquisition closes at the beginning of July 2006, is projected to be $0.09. China Digital estimates revenues at $19.3 million and net income at $5.8 million.
Assuming that the acquisition had taken place at the beginning of the year at January 1, 2006, the pro forma diluted EPS is projected at $0.11, revenues at $21.9 million and net income at $6.9 million for the year ended December 31, 2006.
The company emphasizes that the foregoing statements regarding projections for 2006 are forward-looking, and actual results may differ materially. These are the company's targets, not predictions of actual performance.
About Galaxy View International, Ltd.
Galaxy View International, Ltd., which operates through its wholly owned subsidiary Sono Digital Electronic Technologies Co., Ltd., is a high-tech enterprise specializing in the mobile communication equipment industry. The company has a broad range of services, including mobile equipment production, technical development, product standardization, market research, equipment setup and debuging, technical support, implementation analysis and searching for merger opportunities.
The company embraces a set of highly effective and standardized systems in management, production, and quality control. It is recognized by the Science and Technology department of Shenzhen as a "high-tech, software enterprise." The company has intellectual property rights in software development and production. Sono is known throughout its industry as one of the most competitive communication equipment producers. For more information on Sono, visit www.sono.com.cn.
About China Digital Communication Group
China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of China's leading manufacturers and developers of advanced telecommunications equipment. E'Jenie sells advanced high-quality lithium-ion battery shell and cap products to all major lithium-ion battery cell manufacturers in China. E'Jenie's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. China Digital Communication Group is continuing its expansion across East Asia, while seeking distribution partners and acquisitions in new global markets, including the United States. For more information, visit www.chinadigitalgroup.com or contact Roy Teng of China Digital, (310) 461-1322, e-mail: info@chinadigitalgroup.com.
SSK - sell PTLD for a double down on CHID.
Thanks.
itybdy, re: CHID
the prez (Sun) never said she'd buy 1M, she said she'd buy up-to 1M...that's a big difference. i'd like to see ms. tang step up to the plate here, but if the Sono merger is imminent, she can't buy now due to insider knowledge.
re: CHID - sounds like a good decision based on the projected EPS going from .13 to .16 as a result!
re: CHID presentation
* Was great to hear about the acquisition status.
* Audience asked great questions
* No big surprises (although reverse split + listing desires were interesting)
* .13 EPS is pro-forma
* Presenter's opinion on insider ownership post-acquisition is all wrong.
* Presenter couldn't answer question about why the stock is trading the way it is.
* Reaffirmed my willingness to add at these levels.
XWG vs. IFO - IFO has been going bezerk the past few months, but XWG is the better value buy here. Both are in similar industries, and have attractive value/growth profiles.
Q2 should be quite nice for XWG, based on the PR and CEO cc comments.
len, i knew that there was a reason that i was late! glad i could be of service.
now let's make some real bank on this one and take some of the proceeds to shear that hippie sheep!
re:CHID - being a value board, you'll find a fair number of CHID supporters. for me, CHID still ranks as "the stock i most want to own", based on risk/reward.
i do agree w/ another poster that teased mgmt for posting eps estimates, especially when 80% of the estimated EPS is due to acquisitions that haven't closed yet. the market is acting as if these deals are NOT going to close, which would only make CHID fairly valued at .60.
ron, re: UNLL - I follow it, i own it, and have a cost basis around .18. i have to admit though, that i originally bought this thinking that they were http://www.unioil.com , but i'm convinced that they're not. regardless, the 10K and upcoming 10Q read real nice.
itybdy - i'm sick of it too, but until the DD proves wrong, i continue to add. 10k more today ~.65. i'd take it off the streamer and just check closing prices if it weren't so darned undervalued here.
CHID - just the beginning of its steep ascent, or dead cat bounce? hopefully i don't get another chance to add in the low .60's ;^)
CHID - added another 15k today. Simply put, the stock has pressures on it that transcend normal buying and selling, but all my DD that supports a $3+ pricetag is still valid until proven otherwise. ready for another 10k tomorrow if need be.
re:CHID - buying plenty more in the .74-.76 range. averaging up. simply can't find anything better that i want to own. i admit that there's something wrong with this stock from a non-operations perspective. either shorts are piling on, or something subversive like that. there are simply too many shares hitting bids for the past couple months.
itybdy - re: CHID
i have been buying like crazy and now own far more shares than i had ever planned for. the purchase of 500k shares by their president is an amazing indication of what she thinks the longer-term has in store for CHID. poor timing on her part, but what that .96 purchase really means is that she expects multi-dollars per share going forward.
CDGT - nice china news. Pulled in .11 EPS last yr.
China Digital Media Corporation Launches New IP Based Set-Top-Box In China
Thursday May 11, 8:30 am ET
Company Becomes One of First Digital TV Operators to Deploy New Set-Top Boxes in Country
HONG KONG, May 11 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation (OTC Bulletin Board: CDGT - News) today announced that the Company is starting shipment of the new version of its IP- based Set-Top-Box ("STB") for the migration of cable TV subscribers from analog to digital system in the city of Nanahi. The Company is one of the first digital TV operators in China to deploy the full functions IP based STB to the digital TV subscribers.
The new IP based STB is built around the IBM Power PC architecture and equipped with Java platform, Ethernet port for Internet connection and XML based information browser and these features will become standard to all STB models for migration and sales. IP based STB is capable to provide interactive services to end-users; such as targeted advertising, interactive TV programs, online games and interactive education services.
''The Java equipped STB allows us to provide further new value-added services that we could not offer previously,'' said Daniel Ng, Chairman and CEO of China Digital Media Corporation. ''This advanced design would enhance our growth potential and enable us to generate new revenue sources. We believe that deployment of this new STB can give us a competitive advantage in the provision of digital TV services in China.''
For more information on us, please go to our website at http://www.chinadigimedia.com .
To be added to China Digital Media's investor e-mail list, please send e- mail to our Investors Relations at ir@chinadigimedia.com.
About China Digital Media Corporation
China Digital Media Corporation focuses its business in three main areas: Cable TV Operations, Programs Production and Advertising Sales. Arcotect Technology (GZ) Limited, a wholly owned subsidiary of CDGT in China, is the sole contractor and operator of digital television services in Nanhai, a city with 400,000 cable TV subscribers. As of today, Nanhai's cable television operation provides 148 television channels, which comprises of 48 basic channels and 100 pay channels. The pay channels are categorized into various value added packages.
CHID - here's where rrufff and I disagree on CHID.
he likes it to $2 long-term, while i like it to $2 short-term, $3-$5 long-term.
1 week late on the CHID run...uggggh. I would hereby like to suggest adding one extra week to PSL3 to better capture moves that might take place the week after the proposed date.
;^)
knowledge, my .02 on your ideas:
Agree with 1), 1a), 2) and 4). Disagree w/ 3) because I think that the freeze & trade really helped to solidify just how good some of the individual picks were DURING the period as opposed to being measured on how good picks were on a given day (4/28).
I'm all-for any dollar amount up to $50 :^D
Agree about the removal of minimum price regs.
VMC's risky?
VMC's are indeed substantially risky, for reasons beyond just business risk. There's liquidity risk, .OB exchange risk, etc.
But the mistake is when VMC risk allows one to come to a conclusion in a vacuum. It's when risk AND return are considered, do I believe that VMC's (especially the ones targeted on this board and the VMC board) far exceed the risk-adjusted return of virtually any other publicly traded security.
Oh, and as for Beta, considering the gamut of VMC's picked on this board, I wonder whether the Beta is >= or < 1.