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Sony Corporation Message Board

chrisroxder 68 posts  |  Last Activity: Jul 1, 2014 8:15 AM Member since: Jul 28, 2012
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  • Reply to

    Zillow + LEJU Partnership

    by michaellipka Jun 30, 2014 6:48 PM
    chrisroxder chrisroxder Jul 1, 2014 8:15 AM Flag

    He's going to fly out without doing any research?

  • chrisroxder by chrisroxder Jun 20, 2014 12:40 AM Flag

    Looks like this is the best business model in this sector. Any others like this one that haven't had a huge run?

  • chrisroxder by chrisroxder Jun 18, 2014 3:05 PM Flag

    Just came across this company. Seems from a cursory search that doctors rave about Exparel. Is this a potential buyout target? Seems like they might have a blockbuster drug on hand. What competitive threats do they have on the horizon?

  • Reply to

    johnnyrasmondi & chrisoxder

    by br_8 Jan 3, 2014 8:50 PM
    chrisroxder chrisroxder Jan 8, 2014 4:01 PM Flag

    hi there - sorry about not getting back to you. i was traveling overseas. Unfortunately i didn't add to my GPRC when it was down around $2.6 when I was away but the chart still looks great. Continues to stair step higher and higher. A breakout is coming soon.

  • chrisroxder chrisroxder Dec 31, 2013 8:09 AM Flag

    He has actually been pretty spot on with his bigger picture call for the market the past 18 months. He calls for corrections from time to time but if you follow him closely he still thinks this is a longer term bull market and has been saying so since s&p 1200 at a time when most were bearish

  • Reply to

    Added on pullback to the 20 dma

    by threepennyopera1066 Dec 16, 2013 3:49 PM
    chrisroxder chrisroxder Dec 16, 2013 8:03 PM Flag

    Nothing is guaranteed in the markets...ever. However, the on balance volume (OBV) in this stock is absolutely a thing of beauty. This stock is stair stepping higher on much heavier up volume vs down volume - this is much clearer on the weekly charts (just use stockcharts). Since the bottom was hit earlier this year - after runs up, the pullbacks started off sharper but they have been getting shallower and shallower.

    Since the highs of mid/late October, the stock has traded its entire float and yet here it stands right around those old highs. It seems that stronger hands are holding this stock now. I think there is a very good chance that we see a significant move up fairly soon.

  • Reply to

    Added on pullback to the 20 dma

    by threepennyopera1066 Dec 16, 2013 3:49 PM
    chrisroxder chrisroxder Dec 16, 2013 6:15 PM Flag

    I added more as well under $3 the past few days

  • Reply to

    What's going on?

    by br_8 Dec 11, 2013 2:11 PM
    chrisroxder chrisroxder Dec 11, 2013 3:41 PM Flag

    I mentioned we would see a trading range between 2.8ish and 3.2ish. That's what I think is going on until it finally breaks up. Also, look at recent action in GURE, ONP, SORL, and some other Chinese small caps. That are all making their way higher but with wild swings.

  • Reply to

    Question for ChrisOxder

    by br_8 Dec 2, 2013 12:46 PM
    chrisroxder chrisroxder Dec 5, 2013 1:09 PM Flag

    You too. Remember, this still is only worth 3 times earnings. That's the underlying theme here. A valuation of 5 times earnings isn't exactly outlandish.

  • Reply to

    Question for ChrisOxder

    by br_8 Dec 2, 2013 12:46 PM
    chrisroxder chrisroxder Dec 5, 2013 11:54 AM Flag

    We're up near the old highs again and more sellers cam in. Remember the more tests of the prior high that we get the weaker the high will be and ultimately it will give way to much higher prices as the sellers dry up and only buyers are left.

  • Reply to

    Question for ChrisOxder

    by br_8 Dec 2, 2013 12:46 PM
    chrisroxder chrisroxder Dec 3, 2013 5:12 PM Flag

    I think patience wins out here.

  • Reply to

    Question for ChrisOxder

    by br_8 Dec 2, 2013 12:46 PM
    chrisroxder chrisroxder Dec 3, 2013 4:03 PM Flag

    Today was a prime example of what I was referring to above. I think we see a few more days of fluctuations like these. Remember the more tests of the prior high that we get the weaker the high will be and ultimately it will give way to higher prices as the sellers dry up and only buyers are left.

  • Reply to

    $4.50 Target

    by chrisroxder Dec 2, 2013 1:28 PM
    chrisroxder chrisroxder Dec 2, 2013 3:21 PM Flag

    br_8 - everyone has to do what is best for them. good luck.

  • chrisroxder by chrisroxder Dec 2, 2013 1:28 PM Flag

    My target is $4.50 within 3 months. I won't share why this is the target price as its proprietary. This will be a rough double from the $2.30 level I mentioned was a buy.

    Valuation at $4.50 would be roughly 3.7 PE or 2.5 PE after backing out cash. If we get there I'll re-assess upside targets longer term. If we see people coming back to China stocks in droves and GPRC back on the growth path then longer term targets could be a good deal higher.

  • Reply to

    Question for ChrisOxder

    by br_8 Dec 2, 2013 12:46 PM
    chrisroxder chrisroxder Dec 2, 2013 1:05 PM Flag

    I'd love to see a drop back to $2.5 but probably some consolidation around here as buyers from the prior highs look to get out. May be range bound between $2.8 and $3.2 for several days is my guess. I'd be careful trading too much though. The float is quite small and valuation is dirt cheap so there is a chance you could miss out on a big move higher. My target is $4.5 in the near term (1 to 3months)

  • chrisroxder by chrisroxder Nov 26, 2013 11:40 AM Flag

    Anyone read this? Good background checks on GPRC's suppliers.

    Valuation should be a lot higher. Really no reason for a 2 p/e. Even a low 4 p/e means this is over $5. If this is a US based company it would be at $15 to $20.

  • Reply to

    Don't Underestimate Impact of Green Fence

    by chrisroxder Nov 25, 2013 12:26 PM
    chrisroxder chrisroxder Nov 25, 2013 12:29 PM Flag

    Another good article...again the point is that you should be using this current weakness in the stock to buy. That's what I have been doing because the longer term future of GPRC is very bright and the stock is trading at 2X earnings:

    "Surendra Borad, second from left above, who chairs the plastics committee of the Bureau of International Recycling, told the organisation’s autumn convention in Warsaw that although Green Fence had “led to widespread confusion and indecisiveness in the plastics scrap trade”, it would be for the greater good of all parties in the long term.

    Borad acknowledged immediate difficulties over the Chinese rejecting poorer-quality imports:

    Storage and logistical problems
    EU exports of plastic scrap to China down 16% (H1 2013 compared to H1 2012)
    EU exports to Hong Kong down 26% (same period)
    German exports to China down 24%
    US exports down 7%

    But he said he was sure all economies would gain eventually: “Ultimately in any industry, quality is the precondition for sustainability. Our recycling business will survive and grow for a long time only if the quality is stressed. [Green Fence] is undoubtedly a blessing in disguise.”"

  • This is set to expire today. Any wonder why GPRC held off on expansion efforts? This is lifting very soon though and the company should have a solid 2014 and much brighter future. Read the article below:

    "Scrap metal traders conducting business in China spent much of 2013 coping with the effects of Operation Green Fence, a multi-agency effort by the Chinese government to more closely manage the activities of containerized scrap imports.

    Speakers at the 2013 Annual Convention of the CMRA (China Nonferrous Metals Industry Association Recycling Metal Branch) in November noted that the new procedures caused expensive delays for importers and exporters, although in the long run the changes may be beneficial for recyclers who play by the rules.

    Operation Green Fence indisputably “affected the customs clearance of importers” stated Wang Jiwei, vice president and secretary general of the CMRA.

    The increased scrutiny of imported scrap came at the same time as increased taxes and increased energy costs for nonferrous scrap recyclers and secondary metals producers, noted Wang, making 2013 a difficult year.

    Delays caused by Green Fence were frustrating for metals recyclers, according to Wang, because “there are basically no smuggling cases for scrap metal,” and sub-standard shipments of mixed waste do not try to enter the country labeled as scrap metal.

    “Copper and aluminum are not smuggled into China, however we were affected [by the port slowdowns] and our customs declaration process has been slowed down,” he stated.

    Alexandre Delacoux, director general of the Brussels-based Bureau of International Recycling (BIR), acknowledged that Green Fence caused difficulties, but also played up the positive aspects of the initiative."

  • Reply to

    no inrerest in GPRC? nic enumbers, low p/e etc

    by gateguarder Nov 21, 2013 9:30 AM
    chrisroxder chrisroxder Nov 22, 2013 2:52 PM Flag

    current quarter decline due to one time event (inspections related to China's Green Fence thing). They have waited to expand until after its done. expires next week. 2014/2015 should be very good for them.

  • Will be curious to see if the company comes out with a press release.

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