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Acorn International, Inc. Message Board

  • memyselvesandi memyselvesandi Dec 13, 2007 11:21 AM Flag

    Dave Hyder 's article and questions.

    Interesting/troubling theory.

    http://seekingalpha.com/article/57165-acorn-international-passing-the-yuan

    Also problematic is that Denise Chai who was named top stock picker for China/Hong Kong was the analyst at Merril Lynch that downgraded ATV from a Buy to a Sell (or was it strong buy to strong sell). Quite a jump!

    http://www.starmine.com/awards/index.phtml?year=2006&award=china_hk

    However, I cannot find any statement by her as to the reasons for the downgrade. Nor have I seen any price target linked to her downgrade. Or is it just get the hell out of this stock!

    There is really a lack of graspable info on ATV.

    As for the $5M, don't most companies put their cash to work into such things as STIFs and the like, to generate additional income? I did read somewhere tht one of the directors or the ceo invested a considerable sum in some Chinese Co. causing a rumor of a merger or buyout of said Co. and then he later sold the shares for a tidy profit? Could that be the source of the $5M "other" income?

    Also, where do you get that two insiders own 40% of shares outstanding? I can find no info at all regarding insider holdings. Link?

    This is definitely a risky stock because of lack of info and coverage. In the light of that I guess it boils down to Q4 results. The have declared this

    2007 Revenues will come out at between 240 - 265M
    2007 and a net income of 24-26M

    If we assume 250M and 25M that gives a revenue increase of 25% over 2006, and net income that is 21M over the 4M of 2006 and best ever. So it all depends on year-end figures.

    ATV needs to broaden it's product offerings and build alliances with other companys, including QVC.

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    • I took the holdings of the insiders from the prospectus, where they are listed under Selling Shareholders or some legal thing.

      As to the 5M - I have no idea whether this is "normal", but I doubt it. Listen to Denise Chai when she asks a follow-up on this.

      I used to like this stock - that's why I know so much about it. But they are really out of control with this buyback.

      David H.

 
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