premiumdm and all. We are looking as good as we can be. I recently posted on the old board (CWSI board). I am not sure all of you got to see these so I will repost here.
Here are a couple of keynote speech comments from the Roth conference held earlier this week. "The bottom line is that energy investments in China could be a bigger economic driver than the rise of the Internet," said Schwartz, whose firm consults with its clients on policy, investments and business development in the Chinese energy market. And: "We view the build-out of China's energy infrastructure as one of the most compelling investment themes over the next several years," said Mark Tobin, director of research at ROTH. "Interest in the U.S.-listed China sector from our institutional client base has never been stronger. The performance of U.S.-listed China equities reflects this confidence, with ROTH's Research Universe of 58 companies gaining 126.8 percent year to date." http://www.cnbc.com/id/33305095
Additionally, here are a couple of paragraphs from this mornings RedChip report.
“Due to the stock split and the announcement of the ESR production line, we are adjusting our estimates for 2009 and 2010, as well as out price target. For 2009, we are adjusting our full-year EPS to $0.19 per share, and for all of 2010, we now estimate EPS to be $0.56 per share. Based on these estimates, and using a P/E of 18.8x 2010 earnings, we derive a new one-year price target of $11 per share. The Company now has approximately 15,034,767 basic shares outstanding.” And: “In our opinion, investors should add to positions or start positions in CHWY based on what we see as strong final demand and a solid balance sheet. We are maintaining our “Buy” recommendation, and adjusting our 12-month price target to $11.”
Good to have you back on the board. Hope you brought your buddy the Shadow along. Are you in agreement with projected earnings per share by RedChip for 09 and 10? For some reason thought they were projected a tad more?
Hi Dave. My 2010 estimates are more than those of RedChip. My revenue projection is higher and my $.61 EPS is five cents higher. But I talk about their numbers because they are a very visible company with widely distributed data. Also, if their estimates support their $11 target price (which is 95% above today’s close), that will be acceptable anytime since historical stock market annual returns average just 11%. And for CHWY, $11 is just the beginning. The alternative energy play in China is just warming up. Yes, I will be talking to “The Shadow” this evening and may put up a post later with his words if he instructs me to do so. You don’t cross “The Shadow”. It is good to see this board fired up. Jan