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Thursday, April 02, 2015 3:59:04 PM
Yes Miles Alibaba did jump threw some tight hoops before they made it! But there are some major differences as well as likenesses between the two. Both are internet sales. Baba is mostly selling " desired" items. CEHD is sell those also but is selling " Must Have" item-FOOD. As they are the Major internet seller in their Province they should end up being the biggest sell ( the Gorrilla in the Room) once they are established. One doesn't buy Desired item every day. One does buy food for every day!! I like their " Base". A must have item. No matter what shape the economy, people need food! And once the consolidation becomes final its only a matter of time. And as Mr. Liu ( I repeat this yet again !!!! ) is the Major stock holder in both companies, its only a matter of finding the right lender. And with growing sales that they showed the third quarter of last year it should only be a matter of time.
As I said a long time ago, I am hear for the long haul. this company has been steadily been putting the right pieces together and after more than two years it is just starting to bear fruit!
While the share price could jump at any time, I am looking at the next two quarters for growth. Of course, the company delayed report could shine an even stronger light on things!!
I am buying while it is still below that 48 cent level; and as many and as cheap as possiable! :)
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