CCGY- "no increase in bottom line"?
CCGY reported .03/share (excluding non-cash charges related to warrant value) vs. a loss of .01 in Q1 of 2009.
I'd say that's an improvement in the bottom line.
Margins improved slightly also.
And these results don't reflect the plant at full capacity yet.
So I'm happy with .03/share which demonstrates both YOY and sequential growth.
With plant nearing full operations now, this growth should continue throughout the year.
“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
Warren Buffett