Thursday, January 13, 2011 2:28:08 PM
CNIT--Undervalued Chinese IT GIS/SMARTGRID infrastructure play
China Information Technology, Inc.
Profitable company trading at not much above book value. Great 2011 guidance. Won't last too long down here. Recently won $3 million contract.
"Financial Outlook
For fiscal year 2010, the Company reaffirms its guidance with projected revenue in the range of $141 million to $146 million and adjusted net income in the range of $35.5 million to $39.5 million. Additionally, with strong growth momentum and high visibility in its core business, the Company is issuing guidance for the full year 2011 with projected revenue in the range of $165 million to $172 million and adjusted net income in the range of $43 million to $45 million, excluding any non-cash expenses as a result of employee stock awards, amortization of intangible assets associated with acquisitions, and changes in fair value of contingent considerations."
http://finance.yahoo.com/news/China-Information-Technology-prnews-1095927019.html?x=0&.v=1
http://finance.yahoo.com/q/ks?s=CNIT+Key+Statistics
China Information Technology, Inc.
Profitable company trading at not much above book value. Great 2011 guidance. Won't last too long down here. Recently won $3 million contract.
"Financial Outlook
For fiscal year 2010, the Company reaffirms its guidance with projected revenue in the range of $141 million to $146 million and adjusted net income in the range of $35.5 million to $39.5 million. Additionally, with strong growth momentum and high visibility in its core business, the Company is issuing guidance for the full year 2011 with projected revenue in the range of $165 million to $172 million and adjusted net income in the range of $43 million to $45 million, excluding any non-cash expenses as a result of employee stock awards, amortization of intangible assets associated with acquisitions, and changes in fair value of contingent considerations."
http://finance.yahoo.com/news/China-Information-Technology-prnews-1095927019.html?x=0&.v=1
http://finance.yahoo.com/q/ks?s=CNIT+Key+Statistics
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