posted
This one looks great to me! They operate fitness, spa, and beauty facilities. Just expanded into the Beijing market.
They are a cash cow. No problem with accounts receivables like most Chinese companies since they deal directly with consumers. Last quarter EPS was .17 so on a .68 pace but they continue to grow as they just acquired 2 more fitness centers (after the close of 2Q so should see the results in Q3).
I like that ALL of the current expansion (currently building 4 new facilities) are all funded by cash flow! They have mentioned a possible equity offering to expand even more rapidly but they are growing now at over 50%. Could you imagine what they could do with more money?
Any opinions?
osubucks30
posted
3rd quarter earnings should be out this week...
I don't like the price because I think current shareholders would of payed close to $4 but this will allow them to grow even faster. Maybe this news will get people to take a closer look at them. If people do they will like the cash flow and margins for the businesses they are in!
osubucks30
posted
Been waiting for a pullback below $4 to add some but seems to be massive support at around $4. I would like to add around $3.80.