Boy Dutton & Associates really bailed out JADE. April 17th they released NOTHING NEW. Same Target of $16
and same rating. read this.
Dutton Associates Announces Investment Opinion: LJ International Maintained at Speculative Buy (Possible Near Term Upgrade) Rating by Dutton Associates
BusinessWire - April 17, 2007 12:00 PM ET
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JADE Trade 11.58 +0.3901
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Dutton Associates continues its coverage of LJ International Inc. (Nasdaq:JADE) with an update report maintaining its rating at Speculative Buy (subject to upgrade) and a $16.00 target price. The updated report by Dutton senior analyst Sally L. Wallick, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
LJ International has not yet reported fourth quarter and full year 2006 results. However, in mid February, the Company announced sharply higher revenue and earnings guidance for both periods. It projects fourth quarter revenue of $40 million, up 27% from $31.6 million a year earlier, and diluted earnings of $0.16 per share, 78% above the 2005 fourth quarter's earnings of $0.09 per share. For the full year, its projections are revenue of $123 million, up 30% year over year, and diluted earnings of $0.34 per share versus $0.24 per share in 2005. ENZO achieved positive earnings before interest, depreciation and amortization (EBITDA) for the first time in the fourth quarter of 2006 and appears to be on track to turn profitable some time in 2007. In light of ENZO's better-than-expected 2006 performance, the Company plans to accelerate the chain's expansion. We reiterate our Speculative Buy rating on LJI's shares. Based on our target price and Dutton Associates rating parameters, a rating of Strong Speculative Buy could be justified. However, we are maintaining our Speculative Buy rating for now pending the 2006 earnings report and will review this rating again following that release.
>> Ok nothing at all new here. The stock has shot up from $9.50 to $11.50 on this AND IS UP TODAY BIG in the face of a China sell off. Bot that's what paid for research will do for a company. Go JADE, wish I still owned you! My mystic, mysterious, and profitable temptress. ~ stoney
and same rating. read this.
Dutton Associates Announces Investment Opinion: LJ International Maintained at Speculative Buy (Possible Near Term Upgrade) Rating by Dutton Associates
BusinessWire - April 17, 2007 12:00 PM ET
Related Quotes
Symbol Last Chg
JADE Trade 11.58 +0.3901
Real time quote.
Dutton Associates continues its coverage of LJ International Inc. (Nasdaq:JADE) with an update report maintaining its rating at Speculative Buy (subject to upgrade) and a $16.00 target price. The updated report by Dutton senior analyst Sally L. Wallick, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
LJ International has not yet reported fourth quarter and full year 2006 results. However, in mid February, the Company announced sharply higher revenue and earnings guidance for both periods. It projects fourth quarter revenue of $40 million, up 27% from $31.6 million a year earlier, and diluted earnings of $0.16 per share, 78% above the 2005 fourth quarter's earnings of $0.09 per share. For the full year, its projections are revenue of $123 million, up 30% year over year, and diluted earnings of $0.34 per share versus $0.24 per share in 2005. ENZO achieved positive earnings before interest, depreciation and amortization (EBITDA) for the first time in the fourth quarter of 2006 and appears to be on track to turn profitable some time in 2007. In light of ENZO's better-than-expected 2006 performance, the Company plans to accelerate the chain's expansion. We reiterate our Speculative Buy rating on LJI's shares. Based on our target price and Dutton Associates rating parameters, a rating of Strong Speculative Buy could be justified. However, we are maintaining our Speculative Buy rating for now pending the 2006 earnings report and will review this rating again following that release.
>> Ok nothing at all new here. The stock has shot up from $9.50 to $11.50 on this AND IS UP TODAY BIG in the face of a China sell off. Bot that's what paid for research will do for a company. Go JADE, wish I still owned you! My mystic, mysterious, and profitable temptress. ~ stoney