China Growth Stocks

[Drexion2004]

CCCL: Earnings pretty much as expected (Kind of hard for them to surprise up or down by much when they give you the quarterly expected tile-meters sold, lol).

Non-gaap 3 month of $0.63,
Non-Gaap 6 month of $1.14,

Their Q3 tile-volume is around 7% higher than Q2, so we can expect non-gaap earnings of around $0.70. Assuming Q4 is the same (Fair given their constant capacity increase), thats 1.4 EPS in the 2nd half.

$1.14 + $1.4 = $2.54 Non-Gaap EPS projected for 2011?

I'm happy with that personally.

-Fernando