hweb2 re NHTC:
Unfortunately, I bought more at the open yesterday. Not sure what to do today. Gave back much of what I made in the stock since revenues were announced a couple of weeks ago.
Overall, NHTC has treated me well. I may just hold on. If you annualize the last 2 quarters combined (i.e., $.75/share), seems to me that the stock should be able to hold above $10, and still has upside from here. So far, it has been a great growth story. Frankly, I don't understand the appeal of the products they sell, but then I hate cell phones and Facebook, so what the hell do I know?
I note the Company's commitment to grow the business in Mainland China:
"Up to $10.0 million of our available cash may be invested in our Mainland China entity within the next 18 months for such purposes as establishing China-based manufacturing capabilities, opening additional Healthy Lifestyle Centers or branch offices, and ultimately, funding the required deposit for a China direct selling license application. We also may evaluate product or distribution opportunities to diversify from our current Greater China concentration."
Right now 93% of net sales come from Hong Kong, and if there is a similar demand for this stuff in Mainland China, the stock could be a huge winner.
