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another small company to look at
not much vol
fly17 At this time wait a minute or two. eom
Picked up a few more shares today.eom
Not much vol on this on.eom
UP 10% on low vol.eom
Under a buck but worth a long term growth maybe.
This is one to look at. eom
Company website http://www.trustcash.com
Bid @ .0021 ask @ .005 2 for spread.
Share price back down that was short lived.
Symbol now TCHHe has not filed with sec
Has no bid or ask.
Well what does this company do?
WOW is the price really going up
Would like to see this back above a $1.00 again.
Are the divy shares to see how many NSS shares the company THINKS are out their?
leo I like the part about "$30,000,000 (unaudited) in revenue"
is the $30M there or not?
Will this even ever by a penny stock instead of a sun penny stock.
Well another few pennies to add from the dividend. eom
Nice up day. eom
10Q out eom
Could this help CPSL
China announces $586 billion stimulus plan
Sunday November 9, 2:15 pm ET
By Scott Mcdonald, Associated Press Writer
China unveils $586 billion stimulus plan to fight effects of global meltdown
BEIJING (AP) -- China unveiled a $586 billion stimulus package Sunday in its biggest move to inoculate the world's fourth-largest economy against the global financial crisis.
The Cabinet approved a plan to invest the money in infrastructure and social welfare by the end of 2010, a statement on the government's Web site said.
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Some of the money will come from the private sector. The statement did not say how much of the spending is on new projects and how much is for ventures already in the pipeline that will be speeded up.
China's export-driven economy is starting to feel the pinch of weakening U.S. and European economies, and the government has already cut key interest rates three times in less than two months in a bid to spur economic expansion.
Economic growth slowed to 9 percent in the third quarter, the lowest level in five years and a sharp decline from last year's 11.9 percent.
That is considered dangerously slow for a government that needs to create jobs for millions of new workers who enter the economy every year and to satisfy a public that has come to expect steadily rising incomes.
Exports have been growing at an annual rate of more than 20 percent but analysts expect that may fall as low as zero in coming months as global demand weakens.
The International Monetary Fund has urged governments to adopt economic stimulus packages and, in some cases, to cut interest rates further, to counteract the slowdown.
China joins other major economies such as the U.S., Japan and Germany which have already introduced their own stimulus plans.
The U.S. allocated $168 billion earlier this year for tax rebates to individuals and tax breaks for businesses. Germany set aside $29 billion for tax breaks on new cars and credit assistance for companies. Japan allotted $275 billion for loans to small- and mid-sized businesses and discounts on highway tolls among other measures.
On Wednesday, finance officials from the G-20 group of major wealthy and developing nations convene in Washington to discuss a strategy for strengthening the global economy. Chinese President Hu Jintao is expected to attend.
China's statement said the Cabinet, at a meeting chaired by Premier Wen Jiabao, had "decided to adopt active fiscal policy and moderately easy monetary policies."
The statement said the spending would focus on 10 areas. They included picking up the pace of spending on low-cost housing -- an urgent need in many parts of the country -- as well as increased spending on rural infrastructure.
Money will also be poured into new railways, roads and airports. Spending on health and education will be increased, as well as on environmental protection and technology.
Spending on rebuilding disaster areas, such as Sichuan province where 70,000 people were killed and millions left homeless by a massive earthquake in May, will also be accelerated. That includes $2.93 billion planned for next year that will be moved up to the fourth quarter of this year.
The statement said rural and urban incomes would be increased.
Credit limits for commercial banks will also be removed to channel more lending to priority projects and rural development, it said.
Reform of the value-added tax system will cut taxes by $17.5 billion for enterprises, the statement said.
China Precision Steel Announces Conference Call to Discuss First Quarter Fiscal 2009 Results
SHANGHAI, China, Nov. 5 /Xinhua-PRNewswire/ -- China Precision Steel (NASDAQ:CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 8:00 a.m. Eastern Time on Tuesday, November 11, 2008 to discuss the first quarter fiscal 2009 results.
Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director.
To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-339- 2688. International callers should dial 617-847-3007. When prompted by the operator, mention Conference Passcode 105 463 41.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, November 11, 2008 at 10:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 51928087. International callers should dial 617-801-6888 and enter the same passcode 51928087.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.chinaprecisionsteelinc.com/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.
About China Precision Steel
China Precision Steel is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel produces high precision ultra-thin, high strength (7.5 mm to 0.05 mm) cold- rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People's Republic of China. China Precision Steel is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com/ .
For more information, please contact:
China Precision Steel Dan Carlson Email:
Elite IR Leslie J. Richardson, Partner Tel: +852-3183 0283 Email:
DATASOURCE: China Precision Steel
CONTACT: Dan Carlson of China Precision Steel, or
; Or Elite IR: Leslie J. Richardson, Partner, +852-
3183 0283, or
Web site: http://www.chinaprecisionsteelinc.com/
Trading above $2.00, great. eom
"read" do think FNSR is going back to + $1.00 eom
Four Ways to Plan
* Reactive- rear view mirror
* Inactive- "go with the flow"
* Pre-active- prepare for the future
* Proactive- design the future and make it happen
? selling 92M ? eom
Would like to see this go above $1.00eom
HA HA HA eom
4 Chinese Stocks Positioned for the Rebound
by: China Guru October 12, 2008 | about stocks: APWR / CPSL / HOGS / JNGW.OB
China Stock Guru
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Become a Contributor Submit an Article Font Size: PrintEmail Last week I wrote about “Irrational Despair” causing panic in the markets. Stocks had been beaten mercilessly, regardless of the fundamentals. Maybe they were too high to begin with? Or maybe not. The point is that many stocks had declined precipitously on the back of unrelated negativity. They have since fallen further. And, as a result of the recent dramatic declines, there are amazing buying opportunities.
Let’s face it; there is plenty to be worried about. The US financial system is in turmoil. Credit markets are frozen solid and leveraged companies are justifiably panicked. However, the central banks are coming to the rescue and, while business will not return to prior levels for many years, liquidity will return to the marketplace. When it does, it will be too late; stocks will rally before things get better.
The question is how to position one's self for the inevitable rebound. The market will find stable footing, but it is doubtful that it will return to the highs for some time. The US is entering recession…tread lightly on anything exposed to the American consumer. Financial stocks will be a minefield and best to avoid the group unless you have insight into credit default swap exposure that I don’t have. Meanwhile, the US government is printing cash like there’s no tomorrow. The dollar will fall (maybe not against the Euro, but that’s another story).
My solution is simple: instead of placing bets in large cap US companies, look abroad for the next generation of leaders. I continue to believe that China has the cash, the people and the political motivation to remain the best investment opportunity for years to come. Companies with exposure to insulated areas such as the Chinese consumer and energy production will be the first to rebound when the market has ceased its decline.
In the past few months I have written about four companies: A-Power Energy (APWR), Zhongpin (HOGS), Jingwei (JNGW.OB) and China Precision Steel (CPSL). From August 1st through October 9th these stocks have declined respectively; 82%, 41%, 38% and 50%. On the surface, this type of performance would lead one to believe these companies are on their way out of business. Nothing could be farther from the truth. Quite to the contrary, all of these companies have come out with positive news regarding earnings and state of their business. Nobody cares…Irrational Despair has taken over the trading in these stocks.
A-Power appears to be the best candidate for a tremendous rebound in this group. The stock’s decline borders on insane. The likely cause of the drop is found in the ownership filings: JLF Asset Management has a 10% position. Purely based on speculation, it seems quite possible they have been selling as this is a huge position for them and must be weighing on performance. Judging from the stock, it is certain that someone has been selling, and hard.
And that selling has created quite an opportunity. While APWR has trended down, business has remained strong. Last week the company announced a major contract and on October 10, management reiterated guidance. Guidance is for earnings of over $2 per share in 2009, making the forward P/E a meager 2.2x. I’m betting this stock hits $20 again sometime in 2009. Ten times earnings for a clean energy company focused on smog filled yet power hungry China seems very reasonable.
Zhongpin is another example of a stock going south while business keeps chugging along. With the Chinese consumer’s demand for pork ever increasing, and being a consolidator in the highly fragmented industry, HOGS is perfectly positioned. Don’t listen to me, however: management raised guidance last week. Zhongpin trades at around 6x 2008 estimates now but won’t for long.
Similarly beaten up is Jingwei. Like HOGS, Jingwei is a direct play on the increased strength of the Chinese consumer. The middle class in China numbers around 200 million and growing. Accessing this group is key for global consumer focused firms and Jingwei is the premier firm for this. While recent news for Jingwei has been lacking, recent insider buying suggests that business remains on pace. The P/E based on 2009 estimates is 3. Don’t expect to buy it at these levels for long.
Along with the rest of the market, steel stocks have been traded dramatically lower recently. Steel pricing has started a rapid decline, putting earnings at risk for the group. A global slowdown in demand is lurking and sellers have leaned all over the steel stocks, CPSL included. The selling of steel stocks is probably justified. The selling in CPSL is definitely not.
CPSL is a steel processor, not manufacturer. As a cold rolling processor, steel is the major component in their Cost of Goods. In other words, lower steel prices are positive for their margins! On their mid-September earnings conference call, after reporting record earnings, the company hinted towards better margins going forward. They also said that business was booked out three months in advance; the most in company’s history. CPSL is focused on import replacement and its final products are benefiting from the surge in the Chinese consumer. Yet, the stock continues to decline. Irrational Despair has taken over and, at 5 times trailing earnings, it has created a buying opportunity .
There are two common threads between the four stocks mentioned here: incredibly low valuations and zero correlation in their business to the US or European consumer. Markets always bottom and this current selloff, scary as it is, will end. When it does, the world will look different from before. Yesterday’s leaders might not regain that status for a long time, if ever. There is real and possibly permanent damage to the US financial system, real estate market, and consumer. Panic has overtaken rational thinking in the stock markets of the world. Do not let Irrational Despair drive your actions. Instead, look among the carnage for the few stocks whose fundamentals remain intact and where the best chance at upside resides. For those of us smart enough to play contrarian, a very profitable future awaits.
Disclosure
http://seekingalpha.com/article/99532-4-chinese-stocks-positioned-for-the-rebound?source=yahoo
Up some today, would like to see more. eom
Check your addition try 300 trillion. eom
DNDN up big also
Press Release Source: China Precision Steel
China Precision Steel Retains Elite Investor Relations for Strategic IR Campaign
Monday October 6, 9:00 am ET
http://biz.yahoo.com/prnews/081006/cnm020.html?.v=38
Why is this stock falling?? eom
Why is this stock falling?? eom
Finisar Short Covering Alert: Expecting a Rally
by: Richard Jones posted on: October 02, 2008 | about stocks: FNSR Font Size: PrintEmail Finisar (FNSR) Investors can expect a major short covering. FNSR has a reported 25 Million shares short and probably more than twice that amount in naked shorts.
FNSR is now in a growth phase and has indicated that it will repay all notes due October 15, 2008. Thus a large buy in by shorts will happen. This should drive the stock price much much higher.
The full amount due on the company's 5 1/4% convertible subordinated notes is $92 million. FNSR says its existing balances of cash, cash equivalents and short-term investments, together with the cash expected to be generated from future operations, will be sufficient to repay these notes and to meet cash needs for working capital and capital expenditures for at least the next 12 months. FNSR also has a $50 million revolving line of credit from Silicon Valley Bank.
FNSR's analyst day is next week on October 7, 2008. All analyst estimates should be raised well above current earnings estimates due to strong forward guidance. Expect upgrades and rating changes. Look for a move above the 50-day and 200-day moving averages of $1.33 and $1.39.
FNSR is very undervalued with a current stock price of $1.09 at the close yesterday. Its shares trade at more than a 50% discount to its sector peers with a forward P/E of 5 and a price to sales ratio of less than 1.
http://seekingalpha.com/article/98163-finisar-short-covering-alert-expecting-a-rally?source=yahoo
CEGE hitting new low's as total market is going down big. I feel this stock will go back up. JHO
Up 6.08% will it go higher? eom
Well, I bought to average down, with a chance to make some good money if this company has good news.