Comments on my earlier post about the conference.....
All of the bullets are good news, but I would like to make a few comments on some, see below.
"1. The Company applied for listing on the American Stock Exchange."
This is great news. This will get us off the OTCBB and open CHCG to the finacial institutions. BIG POSITIVE. Check out the MSN stock screener and search for companies who have recently had an increase in instiutional ownership. The trend is easy to see. The PPS goes WAY UP!
"6. The Company forecast that by 2010: expand operations to all of China; it will have operations in 4,000 stores and achieve revenues of $1B. To achieve these goals the Company believes it will grow 30% per year intrinsically and 50% via acquisitions. The Company anticipates that acquisitions will be achieved via cash from operations and outside financing. "
Revenue of $1 Billion in 2010 is a very reachable goal for this company. Do the math. With about 45Mil in shares outstanding, that gives us a RPS of $22.22. With a current profit margin of about 8.5%, thats almost $2 EPS a year! The second part of the bullet is even more positive:
"The Company anticipates that acquisitions will be achieved via cash from operations and outside financing."
This means NO DILUTION! SHAREHOLDER VALUE! These guys are for REAL!
GLTA
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