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Sorry bar, I did not think it worthy to etch the source in my memory. I was agreeing with a previous post of yours that basically said we can't believe many of the stock success stories. Kind of like watching a TV cop show where the cops are relaxing over a few drinks talking about the days events. You seldom see the other seedy side of alcohol.
I read an article recently that said that a basket of microcap stocks will outperform a basked of big cap stocks. But as you and bar were discussing recently, articles can not always be believed. Was the article written by a friend of a small cap fund manager or such? Did he include dividends that few if any microcap stocks even have? I just recently saw that the world is flat, according to one source and that I do believe it is true because maps are flat. There is so much fake news about the world being round.
I like to follow the big money and yes they are not always right. I figure maybe a 15% plus gain or mental stopped out with a 5% loss. If I am right half of the time, I make money. I got to stay away from bear markets better, lol. Big money going into DBA and IAG today. My fear is an "incident" will kick in higher inflation soon and maybe the big money knows that? I'd rather be wrong, I'm mostly out of the market.
Not a fan of Dew's boards, they do mostly big stodgy stocks that bore me. Dew does do well though, better than me , but not many 3 baggers ever.
$RIBT, I had family ties to that pig, I supported them more than the stock with my posts. They are trying to divest the company, sell parts or all of it in parts.
https://finance.yahoo.com/news/ricebran-technologies-names-william-j-200600370.html
I have heard rumors and NONE of them have worked out. The strange thing is that someone is supporting the stock in the mid 80 cent range the last 2 weeks.. It goes down to .80 intra day and back up to .85 at the close with small volume. The last few days the sellers were nowhere. My guess they sell it in parts for no more than $1 per share, maybe even .85, lol.. I wish they sell it soon and have closure.
https://finance.yahoo.com/quote/RIBT/history?p=RIBT
My relatives have not been in the company since 2016 or so, some are bag holders as I am.
Good night!!!!!
No, IAG is a gold producer. The late big volume caught my attention>>>
https://ih.advfn.com/stock-market/NYSE/iamgold-IAG/trades
And the institutions total shares is holding and may increase with the big trades today. The second little chart at the topshows call volume really increased recently and puts decreased. It looks like the big puts in the past were right on. In this crooked world, to think that we know as much as the big money is questionable.
https://fintel.io/so/us/iag
BYND, I remember watching instructions selling it like mad last year before the really bad news came out. Then I remember when the stock was issued, like 6 months later they had a secondary offering "To help initial investors out", gees, they even said that. At that point it was over a 4X gain, since the stock initially opened higher than priced at.
https://fintel.io/so/ca/bynd
Buy on dips is why I bought DBA, and IAUM and ALLK. LAND was sort of a dip. They will all probably fall Monday? IAG is a day past the dip. If it gaps up, I won't buy.
IAG (gold)had more up than down volume on a down day. Plenty of institutions in there, plenty of them that could sell too? I might sell IAUM and buy IAG Monday.
https://ih.advfn.com/stock-market/NYSE/iamgold-IAG/trades
Note the put verse call chart at the top shows IAM switching from more institution puts to calls.
https://fintel.io/so/us/iag
DBA had a post market 2,000,000 buy 5 cents above the close. Total buy vs sell was 4/.37, huge buy over sell even w/o the 2M trade. What that means for Monday? Probably nothing, lol.
https://ih.advfn.com/stock-market/AMEX/invesco-db-agriculture-DBA/trades
LAND, ALLK doing OK too, IAUM about even, dumb luck on the timing. Agree with the board, watch out for Monday.
Redfin Reports Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
It has started?
https://marketwirenews.com/news-releases/redfin-reports-investor-home-purchases-fell-a-record-8007097221594683.html
That outpaced a 41% drop in overall home purchases, as rising interest rates and falling home values caused investors to retreat
(NASDAQ: RDFN) — Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
That’s the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the 40 major metros tracked by Redfin.
Investor purchases fell 15.9% on a quarter-over-quarter basis, comparable with the 14.7% quarterly drop in overall home purchases.
“While investors have pumped the brakes on home purchases, they’re still scooping up a bigger share of homes than they were before the pandemic, which can create challenges for individual buyers at a time when there are so few homes for sale,” said Redfin Senior Economist Sheharyar Bokhari. “Investors have gravitated toward more affordable properties due to still-high housing costs and rising mortgage rates, which has left first-time homebuyers with fewer starter homes to choose from.”
Investors bought up scores of homes during the pandemic because record-low mortgage rates and skyrocketing housing demand created opportunities for hefty returns. Now they’re pulling back in response to the rise in interest rates, which is causing housing values to continue falling in much of the U.S. as homebuyer demand falters. While many investors buy homes with cash, they’re still impacted by high interest rates because they often take out non mortgage loans to cover renovations and other expenses.
“It’s been about eight months since one of my listings sold to an investor,” said Jacksonville, FL Redfin Premier real estate agent Heather Kruayai . “I rarely get offers from investors these days, and when I do, it’s a lowball offer on a house that’s been sitting for a while. Some smaller companies and mom-and-pop investors are still active in the market, but the big corporations aren’t buying anymore.”
Borrowing costs climbed even higher in May, meaning investors may pull back from the housing market further in the second quarter. Investor home purchases typically rise on a quarter-over-quarter basis in the spring, but they may fall flat or decline when second-quarter data comes in.
For investors who are landlords, slowing rent growth is also making it harder to reap profits. And investors who are in the business of flipping homes are finding it more challenging to make money because they’re increasingly likely to resell homes at a loss due to declining home prices. Roughly one of every seven homes (13.5%) sold by an investor in March sold for less than the investor bought it for, just shy of the seven-year high set in February. The share was even higher—20.8%—for home flippers.
Investor home purchases in the first quarter of 2022 were near their record high, which is another reason the year-over-year decline in 2023 was so dramatic. Investors bought 41,181 homes in the metros tracked by Redfin in the first quarter of 2023, down from 80,128 a year earlier, which wasn’t far from the record high of 95,124 in the third quarter of 2021.
Overall, investors bought $27.5 billion worth of homes in the metros tracked by Redfin in the first quarter, down 46.3% from $51.2 billion one year earlier and down 12.4% from $31.4 billion one quarter earlier. The typical home investors purchased cost $427,901, which means little changed from the prior quarter and a year earlier.
Investors Bought 18% of Homes Purchased in the First Quarter
While investors are purchasing fewer homes than they were before the pandemic, their market share remains relatively high; they bought 17.6% of homes purchased in the metros tracked by Redfin in the first quarter. That’s down from a peak of 20.4% a year earlier but higher than any quarter on record prior to the pandemic.
Investor market share is likely above pre-pandemic levels in part because so many individual homebuyers have been priced out of the market, Bokhari said. For it to come down substantially, investors would need to pull back much more than regular buyers; right now, both groups are retreating rapidly from the market.
Investor Home Purchases Plunged in the Sun Belt
In Nassau County, NY , investor home purchases fell 67.9% year over year in the first quarter, the largest decline among the 40 metros Redfin analyzed. Next came Atlanta (-66%) and Charlotte, NC (-66%), Phoenix (-64.2%) and Nashville, TN (-60.4%). Rounding out the top 10 are Las Vegas , Jacksonville , Philadelphia , Tampa, FL and Orlando, FL , which all saw declines of more than 50%.
All but two of the metros above (Nassau County and Philadelphia) are in Sun Belt states, which soared in popularity among homebuyers during the pandemic. Investors piled in to capitalize on surging rents and home values, and are now pulling back as Sun Belt housing markets slow relatively quickly after getting overheated in recent years.
In Phoenix, 30.7% of homes sold by investors in March sold at a loss—the highest share of the 40 metros Redfin analyzed and more than double the national rate, a separate Redfin analysis found. Next came Las Vegas (28%), Jacksonville (20.9%), Sacramento, CA (20.2%) and Charlotte (17.4%).
Investor purchases may also be declining in Atlanta, Charlotte, Las Vegas and Phoenix because those markets were popular among iBuyer investors. Many iBuying companies, including RedfinNow, ceased or slowed operations in recent years.
Baltimore saw the smallest decline in investor purchases, which fell 8.8% year over year in the first quarter. It was followed by Providence, RI (-9.6%), Seattle (-15.5%), Milwaukee (-21.6%) and Cleveland, OH (-23.2%).
Investors Lost Most Market Share in Charlotte, Atlanta and Phoenix
Investors lost market share in 17 of the 40 metros Redfin analyzed. Many of those are places where investor purchases dropped significantly. In Charlotte, investors bought 18.4% of homes purchased in the first quarter, down 14.1 percentage points from 32.5% a year earlier. That’s the largest percentage-point drop among the metros in this analysis. Next came Atlanta (-14 ppts), Phoenix (-11.1 ppts), Jacksonville (-10.7 ppts) and Nashville (-9.3 ppts).
Investors gained the most market share in Baltimore, where they bought 21.6% of homes purchased, up from 17% a year earlier (4.6 ppts). Next came Nassau County (4.3 ppts), New York (4 ppts), Providence (3.4 ppts) and Seattle (2.8 ppts).
Overall, investors had the highest market share in Miami , where they bought 30% of homes purchased in the first quarter. Rounding out the top five are Cleveland (24%), Anaheim, CA (22.6%) Detroit (22%) and Jacksonville (22%).
Investors had the lowest market share in Warren, MI (10.6%), Montgomery County, PA (10.6%), Washington, D.C. (10.6%), Minneapolis (11.1%) and Portland, OR (11.5%).
Low-Priced Homes Made Up Increasing Share of Investor Purchases
Low-priced homes made up nearly half (48.7%) of investor purchases in the first quarter, the highest share in two years. Meanwhile, mid-priced homes represented about one-quarter (23.6%) of investor purchases, the lowest share in two years. High-priced homes made up 27.7%, little changed from the prior several quarters.
Investors bought 24.9% of all low-priced homes that were purchased in the metros tracked by Redfin in the first quarter, comparable with the 25.3% record high set a year earlier. Meanwhile, they bought 12.5% of mid-priced homes that were purchased, the lowest share in two years, and 15.3% of high-priced homes.
The investors who are still in the market have gravitated toward more affordable properties due to still-high home prices and elevated interest rates. A record 41.1% of investor purchases in the first quarter were starter homes— homes with 1,400 or fewer square feet—up from 37.2% a year earlier.
To view the full report, including charts, metro-level data, and methodology, please visit: https://www.redfin.com/news/investor-home-purchases-q1-2023
LOL, looks like JAMES RICKARDS saw my LAND, DBA, and IAUX post yesterday?
DBA down pre market, food futures down pre market>>>
https://finviz.com/futures.ashx
Some force seems to be supporting the stock in the mid .80's. They were supporting it in the $1.10 range, then when they authorized those 2,000,000 warrants to shares, it dropped the book value per share by about that much, thus mid .80's now. I hope for a miracle, but would be happy with closure soon. The unknown hurts more than the truth sometimes.
"The Indexes are riding the coat tails of 7-10 stocks." That is scary. They are all probably in the top 20 market cap. Yes, it is typical near a top that a few high weighted stocks skew the averages. Thanks bigworld, I had not looked at that lately, but sort of sensed it.
LOL, biotech, I hear you. If they fail a test, down 30%. If not for the big instructional holdings, I would not have bought it. And this is a short term trade and if it falls below $4.40 I will sell. It has a nice channel line connecting the 3 bottoms in April and May. I like the 3 bottom connects.
LAND, IAUM, DBA, ALLK
Just bought LAND, IAUM, and DBA as the USA is crumbling, possible drought inflation on food coming and China buying up our farmland on the cheap. ALLK is a channel line chart play I like with no bad news and a lot of insti action and not defensive.
https://fintel.io/so/us/allk
All four a near channel line support, if they drop much below, I get out immediately. I usually don't stay long if they don't move up.
DBA 's take is a bit higher than MOO, but it is tied almost directly to the food commodities index. MOO is more into food businesses that may suffer from higher commodity prices in the short term?
Thanks bar1080. I got excited about it as Minnesota just legalized it. It did not take long to find scammy articles about those stocks.
Thanks BIGWORLD, I like the thoughts of homebuilders and energy.
I worry about cannabis funds too. There have been scams in some of the stocks they might be holding.
I worry about cannabis funds too. There have been scams in some of the stocks they might be holding.
Has land property value fallen by over 60% in the last 13 months like LAND stock has? Over done fall?
Just opinion bar.1080 I really believe we will be in a one world government, many say by 2030. World corporations control a lot of people and expect them to survive. Yes, maybe too political for a stock board.
I am going to have fun with this site below. I do a lot of short term trades based on channel lines I can draw. I am sure a lot of goods ones I will find here>>>>
https://www.barchart.com/stocks/performance/percent-change/advances?screener=unleveraged_etf&orderBy=percentChange&orderDir=desc
Thanks gfp, I have looked at MOO in the past. Also looked at RJA, a Jim Roges food fund, but it is gone now.
I am convinced the USA will not be the same in 10 years and full of crisis's to get to where ever we are going. I just don't think basic stocks is where to be. One look at the long term S&P 500 and seeing it tank in the early 1980's because of inflation scares me. Even in 2008-9 the Russel lost half of it's value. I fear whet is going to happen could be worse. Timing is everything, looking for the holy grail, lol.
The fact that "The Deep State" owns so many of the S&P stocks and runs the world makes me wonder if they will hold up despite major upheaval. Food, I feel will go up regardless. MOO does have a better track record vs DBA.
https://finviz.com/futures_charts.ashx?t=ES&p=m
https://finviz.com/futures_charts.ashx?t=ER2&p=m
MOO - DBA
https://finance.yahoo.com/quote/DBA/chart?p=DBA#eyJpbnRlcnZhbCI6IndlZWsiLCJwZXJpb2RpY2l0eSI6MSwiY2FuZGxlV2lkdGgiOjEuMzI1OTM0NTc5NDM5MjUyMywiZmxpcHBlZCI6ZmFsc2UsInZvbHVtZVVuZGVybGF5Ijp0cnVlLCJhZGoiOnRydWUsImNyb3NzaGFpciI6dHJ1ZSwiY2hhcnRUeXBlIjoibGluZSIsImV4dGVuZGVkIjpmYWxzZSwibWFya2V0U2Vzc2lvbnMiOnt9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6InBlcmNlbnQiLCJwYW5lbHMiOnsiY2hhcnQiOnsicGVyY2VudCI6MSwiZGlzcGxheSI6IkRCQSIsImNoYXJ0TmFtZSI6ImNoYXJ0IiwiaW5kZXgiOjAsInlBeGlzIjp7Im5hbWUiOiJjaGFydCIsInBvc2l0aW9uIjpudWxsfSwieWF4aXNMSFMiOltdLCJ5YXhpc1JIUyI6WyJjaGFydCIsIuKAjHZvbCB1bmRy4oCMIl19fSwic2V0U3BhbiI6eyJiYXNlIjoiYWxsIiwibXVsdGlwbGllciI6MX0sImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwiZXZlbnRNYXAiOnsiY29ycG9yYXRlIjp7ImRpdnMiOnRydWUsInNwbGl0cyI6dHJ1ZX0sInNpZ0RldiI6e319LCJjdXN0b21SYW5nZSI6bnVsbCwic3ltYm9scyI6W3sic3ltYm9sIjoiREJBIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkRCQSIsInF1b3RlVHlwZSI6IkVURiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6IndlZWsiLCJzZXRTcGFuIjp7ImJhc2UiOiJhbGwiLCJtdWx0aXBsaWVyIjoxfX0seyJzeW1ib2wiOiJNT08iLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiTU9PIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6IndlZWsiLCJzZXRTcGFuIjp7ImJhc2UiOiJhbGwiLCJtdWx0aXBsaWVyIjoxfSwiaWQiOiJNT08iLCJwYXJhbWV0ZXJzIjp7ImNvbG9yIjoiIzcyZDNmZiIsIndpZHRoIjoyLCJpc0NvbXBhcmlzb24iOnRydWUsInNoYXJlWUF4aXMiOnRydWUsImNoYXJ0TmFtZSI6ImNoYXJ0Iiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6Ik1PTyJ9LCJwYW5lbCI6ImNoYXJ0IiwiZmlsbEdhcHMiOmZhbHNlLCJhY3Rpb24iOiJhZGQtc2VyaWVzIiwic3ltYm9sIjoiTU9PIiwiZ2FwRGlzcGxheVN0eWxlIjoidHJhbnNwYXJlbnQiLCJuYW1lIjoiTU9PIiwib3ZlckNoYXJ0Ijp0cnVlLCJ1c2VDaGFydExlZ2VuZCI6dHJ1ZSwiaGVpZ2h0UGVyY2VudGFnZSI6MC43LCJvcGFjaXR5IjoxLCJoaWdobGlnaHRhYmxlIjp0cnVlLCJ0eXBlIjoibGluZSIsInN0eWxlIjoic3R4X2xpbmVfY2hhcnQifX1dLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19
Find Leveraged and Inverse ETFs
https://www.proshares.com/our-etfs/find-leveraged-and-inverse-etfs
gfp, bigworld, bar or anybody, if one believes the USA is about to collapse financially and causing economic collapse, what are some good ETF's that would benefit.
I like DBA for 2 reasons, first I believe food will go up in price for economic reasons, such as finance inflation, wage inflation and equipment inflation , etc. And #2, because it looks like a drought in the USA might be forming and the 30 day forecasts look dry for the USA.
https://finance.yahoo.com/quote/DBA/chart?p=DBA#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
What are some other ideas for such as inverse ETF's by sectors etc?
Sheffler
Morikawa
Cam Young
Tom Kim
Hovland
276
$LAND double bottom?
https://stockcharts.com/h-sc/ui?s=LAND&p=D&yr=5&mn=0&dy=0&id=p80326600778
CC of interest>>>
William Keneally
In the first quarter of 2023, we recognized other income of $300,000 upon receipt of restitution payments from a former employee, which had been ordered by a federal court in 2012.
That $300,000, guessing came from Brad Edson, the first RIBT CEO(then was NTRZ. All the CFO's and CEO's a since 2012 got nothing, Keneally here for one month so far and he got $300,000. Just worth 4 cents per share, but if you got 25,000 shares, you got $1,000. So copytele will get an extra $10,000 extra for his 250,000 shares??
https://www.sec.gov/news/press/2011/2011-10.htm
RiceBran Technologies (RIBT) Q1 2023 Earnings Call Transcript
https://seekingalpha.com/article/4603919-ricebran-technologies-ribt-q1-2023-earnings-call-transcript?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated
Peter Bradley
Thank you, Jeff, and good afternoon to everyone. The primary focus of the Board of Directors during the past few months has been a strategic review of our business. Over the years multiple management teams with different strategies and a variety of initiatives have worked to try and create value in the public markets and none have reached the level of scale that were able to support the high fixed costs of this business in a sustainable way.
Given the company's market cap and the underlying value of our assets, we felt an exploration of strategic alternatives was warranted. In the first quarter, the Board made substantial progress with this effort. While the process is still ongoing, I can say at a high level that there is an active interest in the assets of the company, a number of opportunities that are being evaluated and with that a variety of potential outcomes.
While this review has been underway, our milling businesses maintained their current levels of performance in the first quarter compared to the second half of last year. This performance was offset by continued challenges in our value-added derivatives business. The agreement with Gander Foods with respect to our rice milling operations continue to drive improvement in the operating results at Golden Ridge.
Towards the end of the first quarter, we completed the capacity upgrade at MGI, providing us with 50% more capacity and a broader range of manufacturing capabilities. Production at MGI as of this month is fully online and so we believe we have a solid platform for future growth. The added value derivatives business continues to offset the gains we have made elsewhere due to increased competition and processing challenges internally.
During the quarter, Bill Keneally was named RiceBran's Interim CFO. Bill brings a significant amount of experience in mergers, acquisitions and valuation initiatives, which should serve the Board well as we explore strategic alternatives. During his career he has been instrumental in selling businesses and restructuring enterprises. These are important skills for RiceBran at this time.
We welcome Bill to RiceBran and let me now turn the call over to him to discuss the results in detail.
William Keneally
Thank you, Peter, and good afternoon everyone. First quarter revenues were $9.3 million, a 12.2% decrease compared to $10.6 million in the first quarter last year. This year-over-year decrease was primarily due to our value -- our added value derivatives business as Peter discussed.
Gross loss was $300,000 compared to a gross profit of $500,000 in the first quarter of 2022. The $800,000 decrease in gross profit was also attributed to our added value derivatives business. Selling, general and administrative expenses were $1.7 million, unchanged from the first quarter last year as we continue to aggressively manage expenses.
Operating losses this quarter were $2 million compared to $1.2 million in the first quarter of 2022. In the first quarter of 2023, we recognized other income of $300,000 upon receipt of restitution payments from a former employee, which had been ordered by a federal court in 2012.
As a result of higher operating losses being offset by lower other expenses, net loss in the first quarter of 2023 was $2 million or $0.31 per share, compared to $1.5 million or $0.29 per share in the first quarter of 2022. Adjusted EBITDA losses were $1.2 million in the first quarter of 2023, compared to adjusted EBITDA losses of $400,000 in the first quarter of 2022.
Turning to the balance sheet. We had $3.4 million in cash and equivalents as of March 31, 2023, a decline of $500,000 from December 31, 2022 due to cash used in operations and capital expenditure.
In conclusion and as Peter stated at the start of this call, the Board has submitted a strategic review of all the possible alternatives for the company. These alternatives are at various stages of review. And given the sensitive nature of this process, we are unable to provide further details at this time and therefore will not be taking any questions. Thank you for your time today.
I already feel the relief. Like walking out of my first AA meeting. I knew my drinking days were over. 41 years later, still sober
I think they were waiting for the official Q1 before making the final deal. Next week is my guess
.
It sure looks like a deal is likely. If so, at this stage, the lawyers of the other side would demand to see the official Q1 results at this stage of negotiations. They probably knew already, but everything has to be verified for the shareholders, lawyers or such of the buyers. Who buys a new car with out warranty forms, insurance and a test drive first.
Cayman Islands, LOL. Hunter? LOL, we'll neve know.
The Rising Influence of Chinese Rising Affluence
I got an email from a solid source about the rising affluence of China. No source of the info, but he claims it can all be found. Either way, I find it hard to dispute the the USA is falling in world economics and China is rising. In about 2006 I traded some Chines stocks. As I recall, there were about 30. I looked today and the list is is up to 277. I am basically a technical stock trader. I do much better there than fundamental trading, unless I buy Dew jbog, semi's and other picks here I definitely will focus my trading on Chinese stocks, especially those with most of their business in China as I feel the US is heading into a recession.
https://stockanalysis.com/list/chinese-stocks-us/
My email from a friend, minus his politics. He is a very well respected successful business man, smarter than me, lol.>>>
Their primary weapon of choice to conquer the world is Finance and countries around the world are falling fast.
Not just the USA but the world is in trouble.
In the near future, China will employ millions of American workers and dominate thousands of small communities all over the United States. Chinese acquisition of US businesses set a new all-time record last year and it is on pace to shatter that record this year.
The Smithfield Foods acquisition is a great example. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 US states and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with about 2,100 others. But now a Chinese company has bought it for $4.7 billion and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.
It is important to keep in mind that there is often not much of a difference between "the Chinese government" and "the Chinese corporations". In 2011, 43 percent of all profits in China were produced by companies in which the Chinese government had a controlling interest.
Last year a Chinese company spent $2.6B to purchase AMC Entertainment one of the largest movie theater chains in the United States. Chinese companies control more movie ticket sales than anyone else in the world.
But China is not just relying on acquisitions to expand its economic power.
"Economic beachheads" are being established all over America. For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100M plant in Thomasville, Alabama. Many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on Communist China.
And guess where else Chinese companies are putting down roots DETROIT!
Chinese-owned companies are investing in American businesses and new vehicle technology and selling everything from seat belts to shock absorbers in retail stores and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.
If you recently purchased an "American-made" vehicle there is a really good chance that it has a number of Chinese parts in it. Industry analysts are hard-pressed to put a number on the Chinese suppliers in the United States.
China is very interested in acquiring energy resources in the United States.
For example, China is actually mining coal in the mountains of Tennessee. Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee. Guizhou Guochuang Energy Holding Group - Global Energy Monitor. At the time, that acquisition really didn't make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.
And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries. Right now, China is actually building a city larger than Manhattan just outside Minsk, the capital of Belarus. percentage-chinese-population.htm
Are you starting to get the picture yet? China is on the rise and has been for a long time while America plays political games.
If you doubt this, just read the following:
When you total up all imports and exports China is now the number one trading nation on the entire planet.
# Overall, the US has run a trade deficit with China over the past decade that comes to more than 23 trillion dollars.
# China has more foreign currency reserves than anyone else on the planet.
# China now has the largest new car market in the entire world.
# China now produces more than twice as many automobiles as does the United States.
# After being bailed out by US taxpayers GM is involved in 11 joint ventures with Chinese companies.
# China is the number one gold producer in the world.
# The uniforms for the US Olympic team were made in China.
# 85% of all artificial Christmas trees the world over are made in China.
#The new World Trade Center tower in New York includes glass imported from China.
# China now consumes more energy than the United States.
# China is now in aggregate the leading manufacturer of goods in the entire world.
# China uses more cement than the rest of the world combined.
# China is now the number one producer of wind and solar power on the entire globe.
# China produces 3 times as much coal and 11 times as much steel as the United States does.
# China produces more than 90 percent of the global supply of rare earth elements.
# China is now the number one supplier of components that are critical to the operation of any national defense system.
# In published scientific research articles China will become number one in the world very shortly. And what we have seen so far may just be the tip of the iceberg.
China stock investing. In light of the email you responded to, China might be the place to invest. As I recall, in 2006 there were only about 30 listed Chinese stocks on our exchanges, I could be low. Now I will post list with 277 stocks.
https://stockanalysis.com/list/chinese-stocks-us/
And by the way, what was that Chinese stock that was buying up USA farmland you posted about.
I was a Viking fan back then when Joe Kapp as playing . He was sort of a tough guy, He once hurdled a defensive back and hit his knee against the head of the opponent and knocked him out. After the game, a media dude asked Joe what happened and his initial response was, "I hit him with my purse". RIP Joe
$RIBT RiceBran Technologies to Host First Quarter 2023 Financial Results Conference Call on May 11 at 4:30 p.m. EST
I hope they announce the sale of the company that day, thus the last call ever.
https://finance.yahoo.com/news/ricebran-technologies-host-first-quarter-200600684.html
TOMBALL, TX / ACCESSWIRE / May 9, 2023 / RiceBran Technologies (NASDAQ:RIBT), a global leader in the development and production of critical nutritional and functional ingredients derived from small and ancient grains for the healthy food, nutraceutical, pet care and animal feed markets, announced that Peter Bradley, Executive Chairman and William Keneally, Interim Chief Financial Officer, will host a conference call on Thursday, May 11, at 4:30 p.m. EST to discuss the Company's financial results for the first quarter ended March 31, 2023.
The call information is as follows:
Date: May 11, 2023
Time: 4:30 p.m. Eastern Standard Time
Toll Free Dial-in number for US/Canada: 800-579-2543
Dial-In number for international callers: 785-424-1789
Webcast: https://www.ricebrantech.com/investors
Following the conclusion of the live call, a replay of the webcast will be available on the Investor Relations section of the Company's website for at least 90 days. A telephonic replay of the conference call will also be available from 7 p.m. EST on May 11, 2023 until 11:59 p.m. EST on May 25, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48413.
Got this from a friend in email from a solid source of info.
All of the information below is verifiable from multiple sources with an easy web search.
Think about some of the things in our most recent history the Chinese will not tolerate. For instance LBGTQRS…….
We have friends who immigrated from England because as they say it has been ruined by the immigrants.
We have a friend from France who says it has been ruined by immigrants.
email>>>>>>>>>>
4-reasons why China is fast becoming the dominant power in the world
1 - They have a very low tolerance for crime. The death sentence is swiftly and routinely used for terrorists, murderers, and drug traffickers.
2 - Very low tolerance for Religion. They do not believe there is a Magic man in the sky. No such thing as a God. Almost no religious killings and getting rid of the Indigenous Chinese Muslim population as fast as they can.
3 - They have not been involved in any expensive wars or invaded any country for the last seventy years.
4 - Their primary weapon of choice to conquer the world is Finance and countries around the world are falling fast.
Not just the USA but the world is in trouble.
In the near future, China will employ millions of American workers and dominate thousands of small communities all over the United States. Chinese acquisition of US businesses set a new all-time record last year and it is on pace to shatter that record this year.
The Smithfield Foods acquisition is a great example. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 US states and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with about 2,100 others. But now a Chinese company has bought it for $4.7 billion and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.
It is important to keep in mind that there is often not much of a difference between "the Chinese government" and "the Chinese corporations". In 2011, 43 percent of all profits in China were produced by companies in which the Chinese government had a controlling interest.
Last year a Chinese company spent $2.6B to purchase AMC Entertainment one of the largest movie theater chains in the United States. Chinese companies control more movie ticket sales than anyone else in the world.
But China is not just relying on acquisitions to expand its economic power.
"Economic beachheads" are being established all over America. For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100M plant in Thomasville, Alabama. Many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on Communist China.
And guess where else Chinese companies are putting down roots DETROIT!
Chinese-owned companies are investing in American businesses and new vehicle technology and selling everything from seat belts to shock absorbers in retail stores and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.
If you recently purchased an "American-made" vehicle there is a really good chance that it has a number of Chinese parts in it. Industry analysts are hard-pressed to put a number on the Chinese suppliers in the United States.
China is very interested in acquiring energy resources in the United States.
For example, China is actually mining coal in the mountains of Tennessee. Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee. Guizhou Guochuang Energy Holding Group - Global Energy Monitor. At the time, that acquisition really didn't make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.
And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries. Right now, China is actually building a city larger than Manhattan just outside Minsk, the capital of Belarus. percentage-chinese-population.htm
Are you starting to get the picture yet? China is on the rise and has been for a long time while America plays political games.
If you doubt this, just read the following:
When you total up all imports and exports China is now the number one trading nation on the entire planet.
# Overall, the US has run a trade deficit with China over the past decade that comes to more than 23 trillion dollars.
# China has more foreign currency reserves than anyone else on the planet.
# China now has the largest new car market in the entire world.
# China now produces more than twice as many automobiles as does the United States.
# After being bailed out by US taxpayers GM is involved in 11 joint ventures with Chinese companies.
# China is the number one gold producer in the world.
# The uniforms for the US Olympic team were made in China.
# 85% of all artificial Christmas trees the world over are made in China.
#The new World Trade Center tower in New York includes glass imported from China.
# China now consumes more energy than the United States.
# China is now in aggregate the leading manufacturer of goods in the entire world.
# China uses more cement than the rest of the world combined.
# China is now the number one producer of wind and solar power on the entire globe.
# China produces 3 times as much coal and 11 times as much steel as the United States does.
# China produces more than 90 percent of the global supply of rare earth elements.
# China is now the number one supplier of components that are critical to the operation of any national defense system.
# In published scientific research articles China will become number one in the world very shortly. And what we have seen so far may just be the tip of the iceberg.
Don't give up on the U. S. We are still #1 in the world in -
(a) number of lawyers per capita
(b) cost of education per student
(c) government inefficiency
(d) growth in National debt
I was really into college basketball when Denny was coaching. He was a real class act. RIP Denny