I found this on Ludlowresearch.com
link: http://ludlowresearch.com/uploads/CIIX.pdf Ludlow Research Issues $2.00 Target of CIIX on Improving Earnings, China Financial News Program
(NEW YORK)—Nov. 05, 2012--Ludlow Research, a New York based equity research firm has initiated research opinion on ChineseInvestors.com, Inc. (OTC:CIIX), a provider of financial news and business services from China, with a price target of $1.50 to $2.00 per share.
- Revenues Increasing, Net Loss Decreasing
- Live Financial Market News Program in China
- US Corporation, PCAOB Audits
- Float Only 2.7 Million, Target $2.00
ChineseInvestors.com endeavors to be an innovative company, specializing in (a) providing real-time market commentary, analysis, and educational related endeavor(s) in Chinese language character sets (traditional and simplified), (b) providing support services to our various partners, (c) providing consultative services to smaller private companies considering becoming a public company, (d) providing various advertising as well as public relation support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing services.
Improving Earnings and Profitability
For the three months ending Aug. 31, 2012, the Company reported first quarter revenues grew 55% from $273,717 to $425,676, as compared to the forth quarter, marking a sharp increase on a quarter-over-quarter bases. Net losses for the three months ending Aug. 31, 2012 quarter was down 59% from ($694,727) to ($284,192) as compared to the fourth quarter, with guidance that the company hopes to move into profitability in this current quarter ending Nov, 2012.
China Financial News Program
On Oct. 03, 2012, the Company announced it had entered into an agreement with China Business Network (CBN iTV), in cooperation with the Shanghai Media Group (SMG), to create a nightly news program focusing on the US Financial Marketplace. This TV program will be the first Chinese language program focused on covering the US Financial Market in mainland China. The new one hour show will start on Monday, November 5, 2012 and is timed to air daily with the opening of US Stock Market. This should mark a major development for the company, and shareholders alike.
Valuation Target of $2.00
With only around 5.1 million shares issued and outstanding, and a public float no more than 2.7 million, CIIX offers some real upside potential as they continue to expand their financial services in China, and show improving financial earnings and profitability. With the launch of the national financial business news program set for Nov. 5th, 2012, and their extremely tight float, Ludlow Research has issued a short-term target on CIIX of $1.50 to $2.00 per share.
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