what a great close for MAUG
Investwise=$$$$
I didn't even research it before deciding to buy this stock
i got the email alert and just saw that it was from Investwise and tried to hurry up and fill my order
so what's the situation here?
I know this is sort of off topic Investwise, I have been researching this stock,KWGI(Ku Wang Holding Inc.). This issue does not meet your price criteria for this board, but with a 1.1M float and only 50M authorized and issued, it's way undervalued at $1.01
Consider the following with the float:
1. 2006 sales reaching $80M with net income over 30%
2. they are about to prepare audited financials in the next 60-
90 days(from their May 23, 2007 PR they announce their intentions to move to a higher stock exchange
3. Currently operating 70 retail stores with revenues of over $80M with net income of $26M (this was for year 2006) and they have their own manufacturing plant
4. acquisition of Hunan Golden Dragon Stores(operates 35 retail stores and 2006 revenues of $54M)
5. The company is projecting for 2007 revenues of $150M and net income of $45M
Investwise, If you can give me your true opinion on this stock, it would be greatly appreciated
I took a position on this stock today, but I bought it higher than the closing price of $1.01, but still feel good about it