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MMMPARSLEY1

MMMPARSLEY1
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  • Chinese Take-Away Becoming Tempting Again - Investors Should Revisit 'Chinaco' [View article]
    Has anybody followed E-Future? It hasn't received a comment on any article in years, and they seem to have been doing all the right things. I think it is unfairly tainted due to it's bubble-icious IPO back in late 2006.

    I've been talking to management for 5 1/2 years and they have always been accessible, deeply analytical, and understanding.

    The current valuation is only 0.40x sales, and I'd reckon in a typical bear market it would be trading at 1.5x to 2x based on steady, regular growth and shrinking losses, Non-gaap is now profitable.

    It's pretty clear that they never fudged their numbers. Recently, after earnings release, the whole management team called me personally on my cell phone and talked for 1 1/2 hours through a translator.... now that's going the extra mile!
    Apr 18 12:34 PM | Likes Like |Link to Comment
  • China Xiniya Fashion Limited: Can We Look Into This Made In China Stock Without Prejudice? [View article]
    I'm struggling with the same issues regarding verification of financial statements with another US-Listed Chinese Company, E-Future (EFUT). E-Future is a smaller company than XNY by market cap and sales, but also suspended their buyback despite having ample cash - they gave the same reason for suspending their ongoing buyback (to take advantage of M&A opportunities).

    Are we being led to the slaughter, here? There seems to still be massive amounts of risks inherent, even after the chaff was swept out in the 2011 meltdown in the sector. The remaining companies still seem to have endless question marks and verification issues.
    Apr 6 01:35 AM | 2 Likes Like |Link to Comment
  • Workday: Buy Into This IPO For The Long-Term Growth [View article]
    E-Future, an Saas Software company, traded similarly trading off its IPO back in 2006. Went from $6.00 to $48.00 and is now trading at .5x expected 2012 sales.

    Strange to see a company like WDAY trading valued 62 times that of E-Future - whose accounting standards are just about as high as any Chinese public company trading on US exchanges.

    Shorting WDAY and buying E-Future seems like a prudent move - but I'd wait for the momentum to abate before trying a move like this.
    Oct 12 05:41 PM | Likes Like |Link to Comment
  • Tibet Pharmaceuticals Trading Below Net Cash [View article]
    Wow! This will go down as one of the ultimate scams.

    I feel like a survivor. All my Chinese small-caps remain standing, but I'm down about 40% on them as a whole. With stories like this in the news, I can't help but worry that I'll be next even though I did my due dilligence to make sure these companies actually exist through verification of contracts with large multinational companies.
    Jun 23 04:18 AM | Likes Like |Link to Comment
  • 3 Stocks That Didn't Drop With Facebook, But Should Have [View article]
    A trader smarter than the market within all Social Media Companies. This man must never sleep!
    May 30 04:48 AM | Likes Like |Link to Comment
  • "It is metaphysically clear that if we attack the deficit, the economy will go negative," said Jeff Gundlach in a talk last week. The debt ceiling debate will come in the fall, "perfectly timed to make it a centerpiece of the election," he says. Josh Brown's outstanding notes from the event. (also)  [View news story]
    Totally agree with the YoungMan,

    Just gaming the numbers and making it look like "growth" by forcing inflation into the system is akin to winning at Poker by just taking out a spare deck each hand and Royal Flushing the economy straight down the toilet, winning all the way!
    May 1 07:51 AM | 1 Like Like |Link to Comment
  • Chinese Small Caps 'Held In Contempt' [View article]
    Dag...

    I'm invested in E-Future and they are actually buying back shares... as much as 15% of the outstanding shares and 30% of the float.

    Company Insiders purchased 10% of the existing share base a few years back 25% higher than the current price and have not sold a dime. I travel in this part of the world and I know that a few of the insiders aren't well-off. They made big personal sacrifices to buy these shares.

    E-Future is not a fraudulent company. I know that. I have first-hand experience. Others can call the company or make the trip. I follow there business circle on the Chinese MicroBlog Weibo. I'm impressed by the material that they often link to and the integrity in which they discuss business matters and management resources between themselves. It's clear that they really have a passion for their work and love what they do.
    Apr 5 07:43 AM | 1 Like Like |Link to Comment
  • The U.S. exempts Japan and 10 other countries from financial sanctions because this "initial group" of countries has "significantly reduced" its Iranian oil purchases ahead of a June 28 deadline. Not included were China, South Korea and India, all heavy buyers of Iranian oil.  [View news story]
    Why do we think we should have any authority over these countries?
    Mar 21 05:54 AM | Likes Like |Link to Comment
  • BHP Billiton (BHP) is reevaluating massive spending plans as slowing Chinese growth necessitates a more cautious outlook for commodity demand. It plans to closely review where Chinese demand for iron ore is likely to peak before committing to a $20B+ investment in mine and port infrastructure in Western Australia's Pilbara region.  [View news story]
    Great Call.

    I am short EWA rather than AUD/USD... but if I wasn't averse to massive leverage, FOREX exchange may pay off handsomely shorting AUD.

    EWA is bank heavy, and I think banks are perched up for a pummeling due to consumer weakness, loan demand contraction, house valuation dropoffs, depressed Aussie dollar, and growing unemployment.


    Dave
    Mar 19 10:21 PM | Likes Like |Link to Comment
  • Armour Residential REIT: A Lesson In Interest Rate Risk [View article]
    Your pullback has arrived.

    Huge share issuance once again. Why are they so aggressively tapping the market for new funds?
    Mar 9 09:24 AM | Likes Like |Link to Comment
  • My Love Affair With The Australian Dollar Has Officially Ended [View article]
    Your reasons for holding the Aussie currency make no sense. Do have any idea what's happening right now to the average young Australian?

    Your dumb luck is going to save you because Australia is the worst investment on the planet. Any sensible person would have pulled out long ago. ZIRP until 2014 kept the risk trade in play and the Australian currency can't keep up anymore no matter how much the imbalances work in its favor.

    Watch out for a precipitous drop of the Aussie dollar and a new case study for how to create calamitous depressions.
    Mar 5 11:21 AM | 1 Like Like |Link to Comment
  • An Epic Australian Bust [View article]
    The writer of that article is poorly informed.

    Australia isn't a victim of the global debt crisis, it's a huge part of the cause.

    Private equity is going to save Australian Retail? How stupid do they think Big Money is???

    Bizarre.
    Mar 2 01:07 PM | Likes Like |Link to Comment
  • An Epic Australian Bust [View article]
    I'm quite surprised that you wrote this whole article and touched upon so many of the same points Steve Keen has been making for the last few years.

    You are a smarter guy than I am, so I'm not accusing your of plagiarizing, but rather impressed that you came to the same conclusions as Steve Keen, who I believe is the most undecocorated economist of this decade.
    Mar 2 09:54 AM | Likes Like |Link to Comment
  • An Epic Australian Bust [View article]
    It's very calming to read a post of such honesty.

    Brother, I left America 6 years ago and have been living in Northern Thailand, Nepal, and Laos for the last few years. I spend about $700 dollars a month and support two people with those expenses.

    It was the best decision of my life. I was just in Argentina and they have a MUCH lower debt/GDP ratio than Australia. Besides, Argentinian women, for the most part, are downright smokin'. It looks like you've already got your answer brother!

    There is plenty of room for appreciation in that 200K Buenos Aires home... you may not see appreciation for the next 15 years in Australia. Meanwhile, It's going to be a long, slow, painful era of deleveraging. Foreign bondholders are set to rape homeowners as the big 4 in OZ keep tapping the international bond market to get cheaper funds than would be available from the Central Bank.

    Go to Buenos!
    Mar 2 09:38 AM | Likes Like |Link to Comment
  • An Epic Australian Bust [View article]
    Because correlations can change at any time, and underlying fundamentals can take control when the time is right.

    Yet you may have a very valid point, but I feel more confident shorting Australia because of having direct experience interacting with the economically illiterate legions of Australian tourists who believe that their economy will remain strong for reasons that are too illogical to understand myself.

    I also shorted Brazil for a little while too because I had some basis for my belief that Brazil was the direct beneficiary of temporary central bank policies in the Western world. So I'm not only bearish on Australia.

    Villi if you make an extra few percent than me shorting and your correlations hold up, then you deserve to make more money than me! I understand the Australia-specific imbalance and don't have the time or resources to understand specific policies and situations in every correlated nation that you listed as a short candidate.
    Feb 28 10:04 AM | Likes Like |Link to Comment
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