China Recycling Energy Corp (CREG)

[petermic]

70-80% !!

Now that's just silly. Money doesn't grow on trees. If it's that profitable, lots of people would do it and the margins would decline substantially. It's just not common sense.

And how the heck do you get a net profit margin of 70-80% when the corporate tax rate is 25% starting next year. What a bunch of hooey.

Maybe the folks buying shares at $1.23 are very happy to have misinformation pushing the stock price up so they can sell shares - naaaa, that never happens!

"Since their net profit margin is ranging from 70 - 80 % of the respective revenue as shown at their income statement, we can easily conclude about the annual net earnings generated by their first operational power system. The reason for the high margins as mentioned above is the cheap cost of revenue as we all understand -- it's garbage, trash is not expensive. So since the estimated earnings for 2007 should come in about $600,000 to $800,000, not bad."

And what income statement are they referring to? The one from June which has $200k of revenue, not from TRT, or the September one that is overdue and late.

How can I get any sleep when the BS alarms are blasting so loud in my ear?