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Author Topic: China consumer play: SOKF $4.51
osubucks30
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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).

Here is there investor presentation:
http://www.sokofitness.com/Investors/uploadfile/SOKO%20Presentation%20-%20March% 202010.pdf

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?

Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
osubucks30
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3rd quarter earnings should be out this week...
Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
osubucks30
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Raised $10 million:

Link:
http://finance.yahoo.com/news/SOKO-Fitness-Spa-Group-prnews-4264326143.html?x=0

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!

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osubucks30
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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.
Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
   

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