feel GIMO is consolidating and shorts covering and trying to keep price down before next leg up. With earnings and guidance, stock should be at least $18. They fixed their internal issues and are now finally executing after 6 months of dumping.
even next qtr earnings of 0.05c is what the had ORIGINALLY, before the July selloff. Now it is back to 0.05c. If nothing has changed as per original earnings/guidance, why stock is down from $20. Should slowly move to $18 easy.
GIMO was $20 before this sold off big wiht lowered guidance in July...now they MET the ORIGINAL revenue and EPS ! So the stock should be at least back to $18-20 IMO. Especially since they raised guilance, and have said biz is back on track after execution issues first 1/2 year.
BABA at high trading at 25 times sales. YY has some catching up to do.
Growth of ALL of these about 40-50%, growth of YY about 100%...all of these valuation way higher than YY.
If YY were a US company, it would be over $120 by now.
should be back to $95 by now.
Might test 45....everyone is hollaring about earnings, but no one on the board is talking about slowdown from 30%+ to 15-20% for next year. Stock is adjusting to that given it doubled this year. DECK took a beating too. shoes retailers not doing to well.
They are reiterate buys, all with target price increases. That is good enough for me. If the same analysts that were on the conf call are bullish on its propects (especially after a 7% selloff), it must mean something.
think what we are trying to impress upon everyone was that the numbers we see now for first quarter are at the high-end or higher than the numbers on the street and to let everybody know that while we are usually guiding for the first quarter or that far out, that we are comfortable with numbers coming up and people should understand that there is some upside if we stay as hot as we are.
But I don't want to lead anybody to think there is no upside. We have historically had some January going to December, if we stay that hot. So I would assume if everybody does channel checks and see that we are resonating that well as we go to through Christmas, actually between Thanksgiving and Christmas, people may start to move things into the fourth quarter.
Although I think the upside is significantly higher in the first quarter than that it would be in fourth quarter.
There must have been something 4 analysts liked from the earnings yesterday to raise PT and upgrade or reiterate buy. SKX is low balling..with 50% backlog they will continue to grow.
Citigroup reiterates buy, raises target $66 to $68.
Wunderlich positive to buy, target $70
B. Riley buy, target $58 to $66
Susquehanna buy target $65 to $67
Very strange stock took a beating today...
thats how he talks..he said he is confortable with next quarter's earnings too. With momemtum going to next qtr and FY15, 50% backlog, holiday season he is going to beat big again.
its on the fly on the wall....
 no one is going to buy the small cars. Its like the 'smart' cars in US.
 Chinese are image consious. Its like the NANO in India...real cheap, but failed big time.
 WAY too much competition and better EV cars coming to China.
 WAY too much local competition of EVs in China. Somehow people think KNDI is the only EV company. There are LOTS. Look up list of companies that attend the EV conference in sept.
 Too small to keep going without raising secondary every 3-4 months.
 Their car sharing will be copied in other cities. In fact EV rentals is already common in big cities. Look it up.
is a strong buy in my book. That is 18% of the company's value ! Are they going private ?? Or they are so bullish that they buy out 18% of the company stock. No other company does this kind of buyback unless they are projecting very bullish growth.
Any way to find out if they bought back the other $20million buyback they approved in July ? Now would be the perfect time to get it. I also wonder that big spike to 11.50 in Sept for one day was the buyback. With such low float, any buyback would shoot the pps.
is it because of the low shars outstanding ? under 30M shares in the market.
Mr. Song continued, "The data traffic market in China is huge. At approximately $50 to $70 billion USD, it accounts for around 25 to 30% of the Chinese telecom operators' total revenues. That percentage is expected to continue increasing rapidly. Looking at the telecom sector, our mission is both ambitious and achievable; we aim to assume the role of a 'data traffic bank', which facilitates the smooth roll-over of monthly unused data from month to month, essentially accepting deposits of unused data and allowing users to withdraw at their discretion. Achieving this goal, would enable friends and family members to share data not only over a single carrier's network but across all three of the Chinese telecom carriers' networks. We began executing this strategy in baby steps, but now, capitalizing on the marketed-driven reforms of the Chinese telecom industry and our expanded partnership with China Unicom, we're accelerating our execution and penetrating the market one province after another. With a stronger competitive position and a well-developed business expansion strategy, we are confident that we will be able to secure at least 1% of the data traffic market in China in the foreseeable future."
Sky-mobi CFO John Bi added, "Given our strong balance sheet, long-term growth prospects, and successful turnaround story, we believe that now is the right time to enhance shareholder value through share repurchases and continued investment in growth initiatives."
Now what: To be sure, $20 million is a big chunk of change considering Sky-mobi's entire market capitalization currently sits at roughly $220 million. And to dedicate such a large amount of cash to repurchasing shares is a curious decision for such a small company, which would seem to have significant avenues to instead invest more of that cash in growing the business.
After all, revenue and adjusted earnings only increased 11.6% and 11% year over year, respectively, in Sky-mobi's latest quarter. At the same time, if Sky-mobi expects its rates of growth to accelerate going forward, it's also hard to blame the company for wanting to buy back shares currently at just 14.3 times next year's estimated earnings.