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Viewtran Group, Inc (VIEW)

- NASDAQ
  • Nov. 26, 2013, 10:47 AM
    • Cogo (COGO +2.6%) will change its name to Viewtran Group and its symbol to VIEW effective today. The branding change comes in anticipation of a 6 month transition period during which the company will restructure its ops into a financial services business.
    • Jeffrey Kang, who bought the core business (98.7% of revenue in Q1) for $80M, will remain CEO during the transition period until a replacement is identified.
    • The company also announced the closing of the $80M management buyout and now holds over $140M in cash, or $4.81/share, with no debt outstanding.
    • Given the large gap between share prices and the company's assets per share, the board has repurchased 6.79M shares at an average price of $2.12/share, and intends to repurchase up to 10M more shares. Although investors seem skeptical of Cogo's reported assets, share repurchase execution is one way to say that "money talks."
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  • Sep. 23, 2013, 1:58 PM
    • Cogo's (COGO +6%) Audit Committee has signed an agreement to sell 30.4% of the company's assets to founder and CEO Jeffrey Kang for $80M. The transaction is expected to close before the end of the year.
    • The pieces in question generated 98.7% of Q1 revenue. The market appears skeptical, with the stock trading at a market cap of ~64M.
    • Previous: Cogo +14% premarket after CEO says asset acquisition going well
    | 2 Comments
  • Sep. 9, 2013, 8:26 AM
    • Cogo Group (COGO) +14.3% premarket after CEO Jeffrey Kang says his offer to acquire ~30% of the company's assets which generated 98.7% of its Q1 2013 revenues is progressing smoothly since it was announced July 15.
    • The letter of intent calls for a purchase price of $80M and reiterates COGO will not go private.
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  • Aug. 15, 2013, 4:26 PM
    • Cogo Group (COGO): Q2 EPS of $0.13.
    • Revenue of $184.9M (-4.1% Y/Y). (PR)
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  • Jul. 15, 2013, 4:03 PM
    Cogo (COGO +23.9%) soars after founder/CEO Jeffrey Kang proposes to buy 30.5% of the company's assets (responsible for 98.7% of its revenue) for $80M, through a wholly-owned company. Kang's company would also be required to pay Cogo's remaining units $750K/quarter until the end of 2014. Cogo is closing trading with a market cap of $79.9M. This isn't the first time Kang has made such a proposal.
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  • Jun. 20, 2013, 12:45 PM
    Midday top 10 gainers: OTIV +16%. LGND +14%. FNSR +12%. NYNY +10%. ZN +9%. NVGN +8%. CEDU +8%. CLSN +7%. COGO +7%. GME +7%.
    Midday top 10 Losers: EBIX -41%. FLO -35%. RIOM -16%. DQ -14%. ORMP -13%. PVG -11%. FCEL -11%. SVLC -11%. CLFD -10%. PGNX -10%.
    | 1 Comment
  • Nov. 15, 2012, 4:25 PM
    Cogo Group (COGO): Q3 EPS of $0.11 misses by $0.04. Revenue of $216.4M (+47.8% Y/Y) beats by $12M. Shares +11% AH. (PR)
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  • Oct. 23, 2012, 12:45 PM
    Midday top 10 gainers: ANNB +48%. HLYS +22%. BSDM +21%. OSG +20%. COGO +13%. MNI +9%. ARMH +9%. MUSA +8%. VRNG +8%. COH +8%.
    Top 10 Losers: BCOM -13%. TDG -11%. LAWS -10%. VSCI -10%. MNST -10%. TROX -10%. HSTM -10%. ALV -10%. DVR -9%. PTNR -9%.
    | 1 Comment
  • Oct. 23, 2012, 10:57 AM
    Cogo (COGO +21%) soars after announcing it has reached a deal to sell subsidiaries representing 30% of its assets and revenue to chairman/CEO Jeffrey Kang for $78M in cash. Kang had initially proposed buying the subsidiaries in March.
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  • Sep. 24, 2012, 12:45 PM
    Midday top 10 gainers: LMLP +82%. LPH +28%. BCOM +20%. RMBS +20%. SKBI +19%. VII +18%. AUDC +17%. CHOP +16%. COGO +15%. RMKR +13%.
    Top 10 Losers: PPHM -77%. QCOR -33%. DLGC -15%. PAMT -12%. BIOF -11%. DHRM -11%. VECO -11%. CCM -10%. SRI -10%. BONA -10%.
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  • Aug. 13, 2012, 4:13 PM
    Cogo Group (COGO): Q2 EPS of $0.14 beats by $0.03. Revenue of $192.9M (+43.3% Y/Y) beats by $17M. (PR)
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  • May. 16, 2012, 11:20 AM
    Cogo Group (COGO +10%) jumps after its Q1 EPS beat estimates yesterday. Net earnings fell 70% Y/Y as margins weakened due to tight credit conditions in China, but investors appear to be taking it in stride, focusing instead on an upbeat sales picture as total revenue soared by over 60% Y/Y.
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  • May. 16, 2012, 9:05 AM
    Premarket gainers: OSUR +30%. COGO +15%. SINA +12%. ABMD +9%. VELT +8%. FTR +6%.
    Losers: CLNT -29%. JCP -15%. TAXI -9%. NBG -8%. ANF -7%. ARNA -6%. WHX -5%. KERX -5%.
    | Comment!
  • May. 15, 2012, 4:23 PM
    Cogo Group (COGO): Q1 EPS of $0.13 beats by $0.07. Revenue of $169.3M (+62% Y/Y) in-line. Shares +7.5% AH. (PR)
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  • Mar. 15, 2012, 5:22 PM
    In tandem with its Q4 report, Cogo Group (COGO) announces chairman and CEO Jeffrey Kang has proposed to acquire roughly 30% of the company's "total assets, liabilities, and revenue" for a price of $60M-$82M. Kang would continue to serve as chairman and CEO following the deal's closing. Cogo, which closed trading with a market cap of just $66.4M, is up 74.2% AH.
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  • Mar. 15, 2012, 4:25 PM
    Cogo Group (COGO): Q4 EPS of $0.13 beats by $0.01. Revenue of $169.5M (+49% Y/Y) beats by $22M. Shares +62.3% AH. (PR)
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VIEW vs. ETF Alternatives
Company Description
Viewtran Group Inc is a provider of supply chain financial services and enterprise solutions for the technology industry in China.
Sector: Technology
Country: China