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  • Why Awilco Is Not A Slam-Dunk Investment [View article]
    TID,
    You are absolutely right. The tender drilling rig has a utility life of around 30+ years. Mermaid Maritime (MMT:SP) owns 2 driling rigs which are 30-31 year old. It has just finished share-offering and some of the proceed will be use to build new drilling rig to replace of the older one. Anyone interested please take a look here-> http://bit.ly/1aN7Fnq

    The profitability of the drilling rigs in North Sea are better than the region that Mermaid operates in due to tropical storm in Asia.
    Oct 27 12:37 PM | 1 Like Like |Link to Comment
  • What Robert Downey Jr. Can Teach Us About Dell; The9 Underwhelms [View article]
    I totally agree. Firefall is fun to play and very well crafted online game
    Oct 6 02:08 PM | Likes Like |Link to Comment
  • Mecox Lane Offers Super Cheap Opportunity To Invest With Sina And eBay Partnership [View article]
    You should read the press release carefully .
    SINA and DongXiang bought the shares from "Sequoia" . So the cash went directly to Sequoia not MCOX's balance sheet.
    Apr 5 10:07 AM | Likes Like |Link to Comment
  • Mecox Lane Offers Super Cheap Opportunity To Invest With Sina And eBay Partnership [View article]
    There were a 2 SC 13G fillings from Sina and DongXiang transaction back in March 2011 to US SEC

    http://bit.ly/14Iupqn

    http://bit.ly/Y1ykaW

    And this is a press release from Sina
    http://bit.ly/14IuqKZ;highlight=

    SINA also put the transaction detail in 2010 20-F ,which was released after the transaction date in 2011 . And they took an impairment charge for MCOX in 2011 20-F.
    Apr 5 01:02 AM | Likes Like |Link to Comment
  • Mecox Lane Offers Super Cheap Opportunity To Invest With Sina And eBay Partnership [View article]
    VVUS ? Are you kidding me ?

    My long thesis for MCOX is not based on growth. But I am long because I believe the downside is limit and the market pay zero attention to the JV with Giosis. You can look at BITA , the share price got a boost when they announced an investment from AutoTrader Group.
    Mar 22 12:08 PM | Likes Like |Link to Comment
  • Mecox Lane Offers Super Cheap Opportunity To Invest With Sina And eBay Partnership [View article]
    Thanks Bird, I am waiting to read your piece on VLOV also :)
    Mar 22 10:06 AM | Likes Like |Link to Comment
  • Consider This Chinese Stock For Your Portfolio [View article]
    What do you guys think about MCOX ? It has just relaunched website. Changing from B2C to C2C ( online marketplace ) with the cooperation with Giosis ( 49% owned by eBay ) . Look at its website M18.com. There is also an eBay logo at the footer . Also trading below net cash level.
    Mar 1 11:42 AM | Likes Like |Link to Comment
  • WSP Holdings Limited Bursting At The Seams And Set To Explode [View article]
    Finally , $3.20 .
    http://seekingalpha.co...

    Wheeeee
    Feb 21 09:38 AM | 1 Like Like |Link to Comment
  • Why CBP Is The Most Undervalued Small Cap China Company Listed On The US Markets Right Now [View instapost]
    How do you know this is a legit company?

    But legit or fraud is not that important because it is very small and shortsellers can't make money on this micro name.
    Jan 5 01:06 AM | Likes Like |Link to Comment
  • In China's Booming Luxury Car Market, Lentuo International Is An Excellent Growth Play [View article]
    This is correct. But the Japanese car sale portion in LAS's sale is minor. And actually in 2011, the net profit from Japanese brands sales is almost zero (from 20-F)

    The situation in Beijing has been affected by car quota limitation which began in 2011 (20,000/month) . So most of the car sales in Beijing are from luxury brands (by buying another license plate from ex-owners ) This create rare situation in Car dealership business. The big players are reluctant to open new dealerships in Beijing because of demand-constrain. IMO, the JV announcement with Fortune 500 is due to this factor. Newcomer does not want to open new dealerships which will create surplus . The better choice is to cooperate with local dominant players. And LAS stand in a very good position in Beijing market
    Jan 2 07:57 AM | 2 Likes Like |Link to Comment
  • In China's Booming Luxury Car Market, Lentuo International Is An Excellent Growth Play [View article]
    Great article !
    I believe LAS is legit and I have followed it more than a year . There are a lot of trait in Chinese website indicating this company is legit and they has a lot of PR news in Chinese. I just initiated position a couple of month ago
    Here is LAS new year party video back in 2011
    http://bit.ly/TNpdst
    Dec 6 09:36 PM | 1 Like Like |Link to Comment
  • Is Xinyuan Real Estate Co. Too Good To Be True? [View article]
    Thanks for clarification. But how about the business in the mainland China. Is it hard to transfer money to overseas ?

    I read VisionChina Q3 report.
    http://bit.ly/S2vQJf;highlight=
    VISN has to transfer $60 million to US to an escrow account by order of the NY court .But it can't move money overseas due to disapproval from S.A.F.E. I know VISN might does not want to transfer money at all because they can lose all that money due to the litigation but this might be another case that transfer huge sum of money to overseas or Hong Kong is not that easy in China.
    Nov 17 11:27 PM | Likes Like |Link to Comment
  • Is Xinyuan Real Estate Co. Too Good To Be True? [View article]
    Is the reason most Chinese wealthy individuals to have their company listed overseas about moving money out of China ?
    I mean China is very strict about money transfer outside the country .And even if you are a billionaire ,your wealth can evaporate overnight if government decided to. ( Kwok brothers)
    Nov 14 10:17 AM | Likes Like |Link to Comment
  • Xinyuan Real Estate: Still the World's Cheapest Stock? [View article]
    Richard, do you read Ben Graham's books at all ?

    Ben Graham didn't encourage investors to do a deep DD at all because they would be easily misled . Ben Graham focus on buying a net-net basket and waiting for the market to revalue these stocks. He once said it is impossible to forecast the profit but it is easier to spot a long idea by just focusing upon balance sheet. But you have to be very well diversified .

    The DD you mentioned is "Scuttlebutt" which is a favorite tool of Phil Fisher. Not Ben Graham.
    Oct 23 02:42 AM | Likes Like |Link to Comment
  • Xinyuan Real Estate: Still the World's Cheapest Stock? [View article]
    Xinyuan made a land purchase in US recently. Any update from your side on this stock ? It has not moved at all ,no matter what the good news and dividend . There are always a massive sell volume . Blueridge is dumping its stake.
    http://bit.ly/TuDVTR
    Oct 17 01:30 PM | Likes Like |Link to Comment
COMMENTS STATS
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