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Sunday, August 19, 2007 8:49:06 AM
wow- if this is true, CHSH is way undervalued here.
They had $2M revenue in Q2 which was solid growth.
Their website says they now have:
"a backlog of over 10.000.000 pairs of shoes, or about 47 million US dollars in future sales." and
"The total current production of China Shoe Holdings, is sold up to December 2008, therefore the Company intends to put-up an additional assembly line to double the capacity of production."
Here's where it says this on the website:
http://www.chinashoeholdings.cn/sale.htm
This has not been released on a PR that I can find- it's just on their website....so I'm sure most don't klnow about it.
If this is true, this stock is very, very, very undervalued here.
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