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Lejun James Shao is the founder of www.myIRAs.net (http://www.myIRAs.net/), WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88% return in 4... More
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  • CELM - Not all Chinese ADRs are the same 0 comments
    Apr 22, 2010 6:28 PM | about stocks: CELM

    We have seen quite a few of Chinese ADRs crashed recently:

    CSIQ - Solar stock.  $25.97 -> $18.26 (04/21/2010)
    FUQI - Jewelry Maker. $19.00 -> $10.30 (03/16/2010)
    SNDA - Online gaming. $45.50 -> $38.50 (03/04/2010);
    VISN - Advertising services. $8.20 -> $5.09 (03/03/2010);
    GAME - Online gaming. $8.27 -> $6.40 (03/01/2010);
    YTEC - Financial software. $6.75 -> $3.55 (01/29/2010);
    LDK - Solar stock. $9.20 -> $6.75 (12/21/2009);


    Investors may ask what happened to those Chinese ADRs and may afraid to put money into any Chinese ADRs.

    But not all Chinese ADRs are bad. If you spent time, you may find some hidden gems. CELM is one of them.

    CELM - China Electric Motor, Inc. A recent IPO and in Electronic Equipment sector.

    China Electric Motor, Inc. engages in the design, manufacture, sale, and marketing of micro-motors and micro-motor components in the People's Republic of China and internationally. It offers micro-motors and micro-motor components for various applications in automobiles, power tools, home appliances, and consumer electronics.

    This stock was put into stock market on Janurary 29 this year and closed at $4.45 that day. It becomes a $8.91 stock today. The company gave a $0.20 per share profit in its latest quarter report. Estimates for 2010 and 2011 fiscal years are for EPS of $0.83 and $1.12 respectively, a 35% growth.

    If the company can meet or beat its estimates, the stock should be worth much more than its current price. See the Chart:

    Disclosure: Our Portfolio owns CELM

    Stocks: CELM
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