Orient Paper: Why Boring Stocks Beat Hot IPOs [View article]
Hello, Please explain. You mention that "cash flow per the MRQ cash flow statement is negative."
I see a positive cashflow figure of $5.08 million.
I also see your point regarding OPAI cash position, but don't necessarily agree with your assessment of insolvency. There current assets are still more than current liabilities.
Here is a statement right out of the 10Q:
"We had net working capital of $5,387,582 at June 30, 2009, an increase of $6,553,377 over a net working capital deficit of ($1,165,795) at December 31, 2008"
Can you please provide me with your net-working calculation formula? Perhaps you are reading an old filing?
Thanks. On Sep 30 07:36 AM ewr wrote:
> An interesting suggestion. As some famous CEO of General Motors ( > I think ) once said: " if there are no arguments against (any proposal > ), there are no arguments for ". My cursory review produced the following: > > > net working capital is negative > the stock is already up almost 2000 % ( yes two thousand ) YTD<br/>cash > is less than current liabilities ( in other words close to one definition > of insolvency ) > cash flow per the MRQ cash flow statement is negative > i.e. the company is burning its cash - mostly on capital expenditures > > > Still the stock may very well go up several times.
Worldwide Energy & Manufacturing: An Undiscovered Opportunity [View article]
Joseph,
I agree with you. WEMU has to temper expectations, especially in the environment we are currently in. They also need to begin reporting non-GAAP EPS figures. They had a one time dividend payment that is making the 2009 comps even harder. I like the company's enthusiasm, but they need to start delivering.
Five Reasons to Invest in China Armco Metals [View article]
Yes i saw this. For 2008 CNAM three largest customers accounted for about 82%, so this is just the nature of their business and an element of risk. After my due diligence i postulated that the company will be attempting to diversify its customer base. The new recycling business should significantly help to that end. The recycling angle is really why i like the stock since it adds a new avenue of growth. I have also deduced that from the bullish commentary in the press release the company already had a good read on third quarter. The way i look at this is that since the Chinese recovery is in its early innings more big orders may be on the horizon. At these prices i feel the stock offers an interesting risk reward ratio. I also like some of the original investors involved in the reverse merger deal. Still trying to interview the company.
On Aug 22 04:05 PM don482 wrote:
> Didn't the second quarter earnings include a one time sale of $10.6 > million? Without this extraordinary item revenue would have been > down on a year to year comparison.
Five Reasons to Invest in China Armco Metals [View article]
I have had the stock for some time. Story will get pretty interesting once recycling business is online. We may hit resistance around $5 due to warrants and options. I am hopeful that recycling business will overcome potential dilution.
Five Reasons to Invest in China Armco Metals [View article]
Thank you for the generous comments. Glad to have you on board. I hope you will benefit from our research and look forward to sharing investing ideas with you.
China Marine Foods Group Builds on Its Solid Reputation [View article]
You make a valid point and one I have gone back and forth on several times. Since we use valuation assumptions typically used for United States stocks and U.S. Listed Chinese stocks are generally attracting American funds we have decided to bring financials in parity with United States companies. As you probably know Chinese stocks that are just listed in the Shanghai tend to have higher P/E ratios than their counterparts in the USA. Does this mean that we should apply the same P/E? With that being said I see no problem with investors who prefer to use a 25% tax rate for Chinese EPS conversions. Regardless, I think we can both agree that CMFO seems like a pretty compelling opportunity, even when using an aggressive tax assumption. We are in the process of including valuation calculators on our website so investors can use their own assumptions to develop their own scenarios.
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Richard,
Volume has improved much over the last few years. Volatility is due to lack of investor knowledge. Also, with higher stock returns you will always have bigger swings.
Paying Attention to U.S.-Listed Chinese Stocks [View article]
I tend to agree but safer is a broad term. If you mean higher probability of good EPS growth yes.. But they will be more volatile. We also have to be mindful of "shady" accounting practices.
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Hello Mike,
Keep in mind that, except for NEWN & CNYD, the stocks in that article have already run. Although, TSTC & HPJ have pulled back some. SCOK has to prove that its huge stock move is justified. I recently sold CAGC.
Five Reasons to Invest in China Armco Metals [View article]
Hello,
Thanks for the words of encouragement. I hope you continue to benefit from our work and 20+ years of experience. A goal to successful investing is taking a complex set of circumstances and simplifying them; something we strive to accomplish.
Soko Fitness: Five Reasons to Be Optimistic [View article]
We based our potential valution scenarios only on trailing data. We did not provide estimates. But we tend to agree with your conclusion.
Maj,
President, GeoInvesting
Orient Paper: Why Boring Stocks Beat Hot IPOs [View article]
Please explain. You mention that "cash flow per the MRQ cash flow statement is negative."
I see a positive cashflow figure of $5.08 million.
I also see your point regarding OPAI cash position, but don't necessarily agree with your assessment of insolvency. There current assets are still more than current liabilities.
Here is a statement right out of the 10Q:
"We had net working capital of $5,387,582 at June 30, 2009, an increase of $6,553,377 over a net working capital deficit of ($1,165,795) at December 31, 2008"
Can you please provide me with your net-working calculation formula? Perhaps you are reading an old filing?
Thanks.
On Sep 30 07:36 AM ewr wrote:
> An interesting suggestion. As some famous CEO of General Motors (
> I think ) once said: " if there are no arguments against (any proposal
> ), there are no arguments for ". My cursory review produced the following:
>
>
> net working capital is negative
> the stock is already up almost 2000 % ( yes two thousand ) YTD<br/>cash
> is less than current liabilities ( in other words close to one definition
> of insolvency )
> cash flow per the MRQ cash flow statement is negative
> i.e. the company is burning its cash - mostly on capital expenditures
>
>
> Still the stock may very well go up several times.
Worldwide Energy & Manufacturing: An Undiscovered Opportunity [View article]
I agree with you. WEMU has to temper expectations, especially in the environment we are currently in. They also need to begin reporting non-GAAP EPS figures. They had a one time dividend payment that is making the 2009 comps even harder. I like the company's enthusiasm, but they need to start delivering.
Five Reasons to Invest in China Armco Metals [View article]
On Aug 22 04:05 PM don482 wrote:
> Didn't the second quarter earnings include a one time sale of $10.6
> million? Without this extraordinary item revenue would have been
> down on a year to year comparison.
Five Reasons to Invest in China Armco Metals [View article]
Maj
GeoTeam
On Aug 22 09:47 AM Glen Bradford wrote:
> Was buying this around $1. $CNAM
Five Reasons to Invest in China Armco Metals [View article]
Maj, President
The GeoTeam
China Marine Foods Group Builds on Its Solid Reputation [View article]
What else are you buying?
The GeoTeam
Paying Attention to U.S.-Listed Chinese Stocks [View article]
CNAM had a great run. I was one of the original investors. CHGS is an interesting one. I am concerned that they may dilute.
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
The cultural diversity when it comes to investing is a challenge for Hybrids... Unfortunately, U.S. Investors look at quarterly performances.
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
The concerns you list are exactly why I stated GeoInvesting.com
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Volume has improved much over the last few years. Volatility is due to lack of investor knowledge. Also, with higher stock returns you will always have bigger swings.
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Maj
Paying Attention to U.S.-Listed Chinese Stocks [View article]
Keep in mind that, except for NEWN & CNYD, the stocks in that article have already run. Although, TSTC & HPJ have pulled back some. SCOK has to prove that its huge stock move is justified. I recently sold CAGC.
Five Reasons to Invest in China Armco Metals [View article]
Thanks for the words of encouragement. I hope you continue to benefit from our work and 20+ years of experience. A goal to successful investing is taking a complex set of circumstances and simplifying them; something we strive to accomplish.
Maj, The GeoTeam