The expected Net-Income Earnings this year are $60 million--$65 million. That is probably conservative as they seem to crush their own estimates. The PE is around 3 or lower.
My question will be are they actually buying back their own Shares while Shares are trading at 20% of Book-Value. If not, then why not?
Sentiment: Strong Buy
The Chinese government’s determined efforts to recreate a bull market in stocks—perhaps we should call it a mechanical bull?—are getting pretty bumpy, as the Shanghai Composite’s 8.5% drop today attests. If Beijing is hoping for ordinary investors to pile back in to the market, the cause might already be lost. Signs are emerging suggest that investors are turning their attention back to another asset class: real estate.
Optimism has shifted from stocks to property, Li Gan, economics professor at Texas A&M University, told BloombergBriefs .
“Winners from the stock boom have already started taking funds out of the market to buy real estate,” said Li, whose findings are based on his survey of 5,000 households. In the first quarter, property buyers were almost evenly split between those trading stocks and those who weren’t. But in the second quarter, stock investors were 50% more likely than non-traders to buy property......
Kasich is now considered a liberal in the Republican party. Too funny. Clinton is another Jake LaMotta. They can't knock her down.
As I have said before I make most of my money from dividends. Xin is an exception I made about $5,000 trading it and the posts I wrote prove it. Gek is a big winner for me with capital appreciation and the dividends.
Speaking of Raging Bulls, have you finally given up on Hitlery yet? Its sure not looking too good for her lately.
Surely you will give your support to Gov. John Kasich now that he has thrown his hat into the ring.
Yeah sure you did laghs..... of course we believe you.
I bet you also sold your old January $2.00 shares back in April at $3.50. LOL
look at that the sweetie pie gave me thumbs down at $2.50 and now I get one at 1.70 ..........................and when it gets there he'll have 2 thumbs but bothuphisass
Don't think so. But having said that, this stock is still a POS. No excuse for the dismal performance since the IPO and it is purely related to the 'no-information' policy of the company. If they would do a better job on PR and IR the stock would respond. Of course this behavior is all self serving (as I pointed out earlier), because it allows Wang and co. to issue stock options for NIL compared to enterprise value, as they have just done with 20 million options at $3.23 per ADR...