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China watch list
- Thread starter thehangingman
- Start date
Quote from stonedinvestor:
Now, now Kaliman that's not the case. i haven't looked at the noodle play in quite some time. I don't want to half ass it, I know you are interested. Soon enough for sure....
Gottcha stoned. Sorry for the additude but some of the threads here really take newbs to the rack.I thought maybe this was the case.
Thanks for the reply!
Kaliman what up? Don't let some of the traders get to you. Apparently they are some legitimate heavy hitters who play on ET and I would imagine some posers but they have quick tempers just like out in the real world and like to say stuff like you have to pay your dues etc.... Remember: You're doing this for you. To learn and to make more than you would in a BANK. It's really a desert island situation you against the world when it comes to stocks.
Now there is a no penny stock clause on our dear ET and I think that's a good thing. NWD is in that camp.
It's also a fad stock from last year and those rarely roll over to new years. we're much more about "games" now in Asian stocks. Some stale (last year Nov) thoughts about the company: New Dragon Asia Corp (NWD) recently announced its 3Q06 results, which showed steady progress on expanding its distribution network and market coverage in the domestic market and increased in export sales.
The more encouraging developments include the commencement of exports sales of instant noodle to Sweden and Greece and more recently to Tesco plc, a leading international supermarket group based in the United Kingdom. Meanwhile, it has recently received a 100-ton soybean powder order from a leading global beverage company. These developments, along with the acquisition of several state-owned facilities at inexpensive prices in the past two years, have enabled the Company to expand its production capacity and distribution network.
As a result, we expect the Company to enjoy steady revenue and net income growth ahead. However, the restatement of New Dragon Asiaâs financial statements for FY2005 and FY2006, with a significant amount of non-cash items and gain or loss on fair value adjustment to embedded derivative would have confused investors and widened its valuation discount relative to peers. Our EV/EBITDA valuation indicated the stock is inexpensive and based on 15x estimated 2007 P/E, our price target for the stock is $2.12. With a further 24.7% upside potential, we maintain our BUY recommendation on the stock.
That was from SeekingAlpha.com so you get a sense that yes if it destroyed numbers it could come back on the radar again but how wrong were they about the direction of the stock? Even with all the good news... I'd move on. If you wanted to stay in the basic food camp I remember there was a great flour tortilla play in Mexico an ADR started with a " G " I believe... And Soy is big. There's got to be an investment there somewhere..... ~ stoney
Now there is a no penny stock clause on our dear ET and I think that's a good thing. NWD is in that camp.
It's also a fad stock from last year and those rarely roll over to new years. we're much more about "games" now in Asian stocks. Some stale (last year Nov) thoughts about the company: New Dragon Asia Corp (NWD) recently announced its 3Q06 results, which showed steady progress on expanding its distribution network and market coverage in the domestic market and increased in export sales.
The more encouraging developments include the commencement of exports sales of instant noodle to Sweden and Greece and more recently to Tesco plc, a leading international supermarket group based in the United Kingdom. Meanwhile, it has recently received a 100-ton soybean powder order from a leading global beverage company. These developments, along with the acquisition of several state-owned facilities at inexpensive prices in the past two years, have enabled the Company to expand its production capacity and distribution network.
As a result, we expect the Company to enjoy steady revenue and net income growth ahead. However, the restatement of New Dragon Asiaâs financial statements for FY2005 and FY2006, with a significant amount of non-cash items and gain or loss on fair value adjustment to embedded derivative would have confused investors and widened its valuation discount relative to peers. Our EV/EBITDA valuation indicated the stock is inexpensive and based on 15x estimated 2007 P/E, our price target for the stock is $2.12. With a further 24.7% upside potential, we maintain our BUY recommendation on the stock.
That was from SeekingAlpha.com so you get a sense that yes if it destroyed numbers it could come back on the radar again but how wrong were they about the direction of the stock? Even with all the good news... I'd move on. If you wanted to stay in the basic food camp I remember there was a great flour tortilla play in Mexico an ADR started with a " G " I believe... And Soy is big. There's got to be an investment there somewhere..... ~ stoney
Quick thought on TBV: Directors and Officers owned 67.8 million shares, or 95.1% of shares outstanding.
This I dug up from an age old prospectus but I'm not sure that's legal! That's ridiculous. Your future with the stock would be completely based on managements internal buy and sells. It's also an very large amount of stock to own would they be oh so happy to be bought out? I wonder if that's the secret plan.
I'm going to have to get an updated count of inside ownership here for sure.
This I dug up from an age old prospectus but I'm not sure that's legal! That's ridiculous. Your future with the stock would be completely based on managements internal buy and sells. It's also an very large amount of stock to own would they be oh so happy to be bought out? I wonder if that's the secret plan.
I'm going to have to get an updated count of inside ownership here for sure.
TBV has it's fans. I'm not currently among them lots of competition and selling to USA. And yes One guy (the owner of the company) is holding 65.8 million shares of total 71.33 million shares outstanding.
Alot seems to be riding on this paragraph I found in their last earnings report: "In the third quarter Tiens USA continued to increase the international demand for its nutrition supplements and personal care products and generated an improvement in sales in China compared to the second quarter. Although the direct selling regulatory environment in China is currently challenging, we are hopeful that our affiliate, Tianshi Engineering, will receive a direct selling license from the Chinese regulatory authorities in the near future.
As far as I can tell that has not happened yet. Your newsflow on this name then has the key words: Tianshi & direct selling license China... For now I would keep track of it that way on the net'.
Alot seems to be riding on this paragraph I found in their last earnings report: "In the third quarter Tiens USA continued to increase the international demand for its nutrition supplements and personal care products and generated an improvement in sales in China compared to the second quarter. Although the direct selling regulatory environment in China is currently challenging, we are hopeful that our affiliate, Tianshi Engineering, will receive a direct selling license from the Chinese regulatory authorities in the near future.
As far as I can tell that has not happened yet. Your newsflow on this name then has the key words: Tianshi & direct selling license China... For now I would keep track of it that way on the net'.
Quote from kalzayani:
nwd seems OK Buy till 2.0
Will buy some next day
1.55 to 1.6
Yeah my exit is set @ 2.10. But with the insider selling and diluting of shares the last month it gotten alittle rough holding this.
My plan was to hold till they release Q4 numbers and i will just keep DCA till then.
Quote from stonedinvestor:
Kaliman what up? Don't let some of the traders get to you. Apparently they are some legitimate heavy hitters who play on ET and I would imagine some posers but they have quick tempers just like out in the real world and like to say stuff like you have to pay your dues etc.... Remember: You're doing this for you. To learn and to make more than you would in a BANK. It's really a desert island situation you against the world when it comes to stocks.
Now there is a no penny stock clause on our dear ET and I think that's a good thing. NWD is in that camp.
It's also a fad stock from last year and those rarely roll over to new years. we're much more about "games" now in Asian stocks. Some stale (last year Nov) thoughts about the company: New Dragon Asia Corp (NWD) recently announced its 3Q06 results, which showed steady progress on expanding its distribution network and market coverage in the domestic market and increased in export sales.
The more encouraging developments include the commencement of exports sales of instant noodle to Sweden and Greece and more recently to Tesco plc, a leading international supermarket group based in the United Kingdom. Meanwhile, it has recently received a 100-ton soybean powder order from a leading global beverage company. These developments, along with the acquisition of several state-owned facilities at inexpensive prices in the past two years, have enabled the Company to expand its production capacity and distribution network.
As a result, we expect the Company to enjoy steady revenue and net income growth ahead. However, the restatement of New Dragon Asiaâs financial statements for FY2005 and FY2006, with a significant amount of non-cash items and gain or loss on fair value adjustment to embedded derivative would have confused investors and widened its valuation discount relative to peers. Our EV/EBITDA valuation indicated the stock is inexpensive and based on 15x estimated 2007 P/E, our price target for the stock is $2.12. With a further 24.7% upside potential, we maintain our BUY recommendation on the stock.
That was from SeekingAlpha.com so you get a sense that yes if it destroyed numbers it could come back on the radar again but how wrong were they about the direction of the stock? Even with all the good news... I'd move on. If you wanted to stay in the basic food camp I remember there was a great flour tortilla play in Mexico an ADR started with a " G " I believe... And Soy is big. There's got to be an investment there somewhere..... ~ stoney
Thanks for the info stoned.
I am playing in a "games" stock right now also. MCZ. Its a penny also but it has been really nice so far. Got in under .50 and its sitting near 70 right now.