posted
Found this analyst report written on CHCG. It's dated August 29 of this year, but still some interesting and useful information in the 10page read.
"Along these lines, the Company expects to expand to Northern, Southern, and Central China to increase annual revenue to $1 billion and 4,000 new retail stores by 2010."
So right now they have 600-700 stores. This means the addtion of 800-1000 stores per year for the next 3-4years. Dang, I need to do some of my own math on this to get an idea of where the price of this stock is headed.
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posted
This is pitiful and my apologies. Even if I type in the link, "***" is replaced with "***" when it get's posted. So if you replace "***" with "***", it should work.
posted
well all this sideways movement is leading to the something's got to give point, which I believe we'll see tomorrow or Friday; due to the legitimate strength of this company I believe it should break out rather than break down
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posted
we're getting some strong news after market today says my sources...timing couldn't be better as I see tomorrow as their major breakout day
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"Haier Group is the fourth largest white goods home appliance manufacturers in the world and the most valuable brand in China. Founded in 1984, Haier products are sold in more than 100 countries. Haier has 240 subsidiaries and more than 50,000 employees throughout the world. Haier's focused industries include technology research, manufacturing, trade and financial services. The global revenue of Haier for 2005 was U.S. $13.2 billion. "
quote:Originally posted by bullpicks6: this is the new bottom, I'm tellin ya Big Baby Jesus, this one will maintain a price above $4 in order to obtain a Nasdaq listing
posted
Kinda quiet today after the drop under $4, but I like the build late in the day near the $4 mark. I think today might have proven something positive about the $4 level. Any thoughts?
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posted
I think the EOD push to close at $4 was huge toward signifying the strength of this deal, and is all the more reason to justify buying at this price, I'm going to add more as soon as the market opens
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Snippet: In a conference held on January 16, 2007, the Company disclosed the following during its presentation:
1. The Company applied for listing on the American Stock Exchange.
2. The Company’s current obligations concerning their “store in store” arrangements provide for the store which the products are sold to receive a varying percentage of sales, and are normally one to three years in duration.
3. The Company will attempt to establish stand alone retail stores (average 3,000 square feet).
4. Financial guidance for the fiscal year ended December 31, 2006: $181M, Revenues, $14.4M Net Income, and Earnings per Share of $.27.
5. The Company believes it will have 2,000 employees, and achieve fifty percent (50%) increase in revenues from the sale of cell phones in 2007.
6. The Company forecast that by 2010: expand operations to all of China; it will have operations in 4,000 stores and achieve revenues of $1B. To achieve these goals the Company believes it will grow 30% per year intrinsically and 50% via acquisitions. The Company anticipates that acquisitions will be achieved via cash from operations and outside financing.
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posted
Up almost 13-14% today with no news? ...at least no news that I know of.
I've been flipping this one but I missed this last run- I just didn't have any freed up money to throw at it. Ah well, time to wait for the coaster to come back down and hopefully before earnings next Monday (after close, btw).
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posted
Agreed...nice day here...I haven't found any news either. I've been in since the $3 mark, but might sell some near EOD and get more under 4.
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