China Growth Stocks

[GorillaGorilla]

YONG - CHBU - what rate has CHBU been adding it's stores? YONG's store franchise is growing at a phenomenal rate. All I can say is that YONG isn't going to maximise sales at a newly franchised store in the the first couple of years - doubly so the 13K added this year.

End of Year
10 23,000 E
09 9,110
08 1,125

They also talked about training people during the year (they haven't decided if it's money well spent so may or may not repeat in '11). It going to take a while for you to organise when you scale up.

Finally, if you only a few shops you are going to be picky about where you put them. Clearly, a loss of quality would be expected with YONG.

rich