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  • SunPower's 579 MW Solar Project Sold To Berkshire Subsidiary MidAmerican [View article]
    this is great.... but are they going to make any money?
    Jan 3, 2013. 04:41 PM | Likes Like |Link to Comment
  • Gulf Resources: Due Diligence Raises Serious Questions [View article]
    Apr 26, 2011. 10:10 AM | 1 Like Like |Link to Comment
  • How Beijing's Rare Earth Element Policies Could Mean Trouble for Smart Phones [View article]
    Where is the stuff phones etc... made.... China right? So where is the problem?
    Jan 5, 2011. 04:11 PM | 2 Likes Like |Link to Comment
  • Still Not Copacetic at Lihua International [View article]
    kinda funny no copies of the SAIC article huh?
    May 9, 2010. 02:36 PM | 1 Like Like |Link to Comment
  • Still Not Copacetic at Lihua International [View article]
    The numbers he has are made up, SAIC must have two sets of books, the real ones and then steves. I see nothing but a desperate short.
    May 9, 2010. 10:55 AM | 2 Likes Like |Link to Comment
  • Existing-Home Sales Signal a Return to Normal Conditions in Housing Soon [View article]
    you are soooooooo wrong on this, it was the looming end of the tax credit that caused the spike and the fed propping up the market. it will head down in the next few months
    Dec 23, 2009. 08:12 AM | 3 Likes Like |Link to Comment
  • Is Lihua International Cooking Its Books? Part III [View article]
    Also in infrastructure companies " construction, construction supply,..etc. These companies are highley leveraged and require bank financing to fund construction loans. Liwa's customer generally have batter balance sheets are not as leveraged and the accounting payments are on different schedules. It is just the nature of the business segments.. there is alot of US industries like this...

    also on the tonnage difference.. they are probably talking about input tons instead of out put tons GAAP allows this.

    I am almost positive that the wire is sold in feet(meters) not tons.
    or spool price, but each machine can strand wire into many diff sizes and it is not commodity pricing,because some it coated, etc..

    good luck
    Nov 8, 2009. 11:26 AM | 4 Likes Like |Link to Comment
  • Is Lihua International Cooking Its Books? Part III [View article]
    thank you for another informative post, but here are your problems

    1. as far as the a/r FSIN says in their financials they are having problems collecting.
    2. Both companies are in differnet segments. FSIN makes more industrial infrastructure products, and LIWA is more focused on the appliance and consumer electronic segments.
    3. FSIN identifys the consumer products as a more profitable segment, and mentions that it is looking at opportunities to enter this segment
    4. the tonage and selling price of the tonage are purely product driven in simple terms: a 2x10x16 piece of wood is 11.00, but a 2x2x16 =3.75, you get 5 pices from a 2x10 = 18.75. So it weighs the same, is from the same product. Raw material costs the same, but a differnet sales price. LIWA from one ton on 1000 ft wire can draw it to 4000 ft. sales price per ton goes up. raw material costs go down.
    5. I agree in time LIWA'S margins should go down as more people enter it, perhaps that is why they are diversifying into recycled copper, and are going to make thin strand copper from it.
    6. The walmarts of the world by forceing down prices for consumers, and with coppers rapid price increases. Alot of consumer product companies " toy,electronic,etc" are rapidly choosing Copper clad instead of copper. So this market is growing fast and is getting BIGGER, by the day....

    good luck to all
    Nov 8, 2009. 09:24 AM | 5 Likes Like |Link to Comment