Macau is booming, AERL's RCT numbers are exceeding guidance, Q4's RCT numbers have already told us it was a great quarter, January's and I expect February's numbers tell us 2011 is off to a great start, they have announced expansion plans to double in size, they have been recognized by the management of the new Galaxy as a company capable of running tables in their new facility (this is huge),........essentially there is a neon sign over the stock flashing BUY......THIS IS A DOUBLE.
Yet the stock has gone sideways for a month. There have been a few times when the price appears to have been manipulated, something I do not ordinarily feel is a legitimate observation. But we've also seen on past days that news (like the CEO interview published by Forbes) can really make the stock jump. So it isn't completely off the radar screen. And certainly Macau is a well known story.
I guess I am just paranoid in thinking that if a dummy like me can figure this situation out than the "market" should be able to too. So I'm wondering out loud why it hasn't.
It bothers me a little bit too. I mean due to the RCT reporting we already know what Q4 was like (excellent) and what 2/3 of Q1 was like (again excellent).
We can extrapolate from those numbers what 2011 will look like too. Jack and shamrock have done the math, which is very straight forward.
I'm afraid this is another case of a Chinese small cap taken public by way of a SPAC that is never going to get the kind of valuation it deserves. It may not even get a mutiple of 10x by the looks of things unless something changes. Even more exposure or analyst coverage may not be enough because it will come by way of the same players (like Roth) who have ties to all the other Chinese small caps.
I am very optimistic about the company's performance in the future and less optimistic that it will translate to the stock price.
They are waiting to see a high quality auditor come in and give it a good balence sheet for the 4th quarter and year.
Ive been waiting for the same.Hopefully the problems that ccme has dont cause a china stock hangover like rino did.I guess if it does I will have a while to accumulate cheap and if it doesnt then I will make some money as soon as the report comes out.
Why are not dummies. We realize the potential of what AERL is about. We might have been a triffle early, but you have to have a spot at the table to play. So we wait for those days of volume over 350,000 to return. Proven earnings will be what will convince the larger money players they need a spot at the table also.