Replies to post #79093 on China Growth Stocks

[Rames]

CNTF - I added the data earlier today

49.74 million ADS as of Dec 31

http://www.fixyou.co.uk/tracker_details.php?s=CNTF

Passed my basic safety/risk test with excellent 93%

http://www.fixyou.co.uk/tracker_srm.php?s=CNTF

positive
- Merrill Lynch IPO
- Deloitte audited for the seventh year now
- effective internal controls, also audited
- very low short interest
- very low A/R ratio, especially in this industry

negative
- no analyst coverage
- relatively high dilution (22% yoy) despite trading at cash

The fraud risk should be very low here. I don't understand why everyone seems to believe that CNTF is about to take off, though. The stock is in the dumpster for years now, the cash balance has always been close to total market cap. At least they have some plans for all their cash now, RMB 200 million go into the new TecFace Sport Mobile Limited JV project.

[RedBull77]

CNTF - Of course I realize Yahoo has its problems, but the numbers I found are accurate for those years. The cash is definitely a nice security blanket to have in case of hard times, but I can see why it doesn't translate into stock price at this point. The only things that really matter are continued growth and management's ability to execute going forward.

In that link you provided, the difference in Dec 2009 vs Dec 2010 cash balance is +$67,956,000, yet the increase in net income is only $20,960,000. Meanwhile their total liabilities went down by $10M. Guess I'll have to dig into the SEC filings to see how they pulled that off. I'd love to do that in my own bank account!

Maybe I'm thinking too much, it is a trader's market after all.

CNTF, first of all I would never ever look at yahoo for any financial data. Yahoo has so many errors in their data it's ridiculous.