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E-House (China) Holdings Limited Message Board

  • chinastockstar9 chinastockstar9 Dec 10, 2012 1:33 PM Flag

    Price floor is in and the next stop for EJ is $ 5.00

    No big Institutional investor will sell millions of shares of the E-House stock to company or the management at this cheap price... see you at $5 next

    Sentiment: Strong Buy

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    • Does anybody understand that these are new shares being issued. In other words current holders being diluted at near all time lows.There is no need for any institutions or anybody else to sell to management.

      Sentiment: Hold

    • Gap open @3.2 now - Always hate it when that happens..
      I will keep it in my watch list and see if it gets filled by EOY

    • Oppenheimer thinks it's 6:

      In a report published Monday, Oppenheimer Holdings reiterated its Outperform rating and $6.00 price target on E-House (China) Holdings Limited (NYSE: EJ [FREE Stock Trend Analysis]).

      Oppenheimer noted, “This morning, EJ announced that the board has authorized to issue and sell ordinary shares to certain management personnel. The 17.8M shares to be sold represent approximately 15% of the company's current total outstanding shares, and the purchase price of $3.52 per share represents 15% premium over EJ's closing price on 12/7. The company also plans to use all proceeds of the share issuance to repurchase its ADS in the open market. This is the second time that CEO Zhou purchases EJ shares with his own money, as the shares are believed to be undervalued. The company's coming share repurchase, together with recent real estate market rebounds, both indicate potential upside for EJ.”

      E-House (China) Holdings Limited closed on Friday at $3.06.

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