At the current tax rate AMOT should earn $1.80. Last 2 Qs minus extras has been around 45c. Is the tax rate supposed to change going forward? Why are they paying such a low rate now. Long from 18 to 28. Then watched it go to 40. Looking to get back in. Appreciate the help.
If AMOT can earn 1.9 why not a 15 PE. 27-28 area. That being said I will sell some on the way up. Hold the rest. Best eps report I have seen this quarter.
People on this board are stating that LAKE won that big Government contract. I cannot find a link stating that. Dupont or one of the many makers could have won that contract. One of the pumpers please produce a link showing that LAKE is the contract winner. I am going to contact the SEC with the false info being posted on this board.
The stock is trading purely on hype. Their are alot of Hazmat makers. Do we even know if the company has received any orders. Hospitals already own the suits due to other illnesses. Will this even amount to any new orders. Disclosure: I started a short today., Will add more at higher prices. It may take awhile but the stock should correct back to 9.
Has anyone even looked at this stocks eps. I should say lack of earnings. Wait until the stock goes back to trading 1K shares in a day. Look at the chart. Longs will be stuck.
You mean move on up! Best report so far. great conference call. The big boys want to see multiple great quarters. Now they have it. I more than doubled my position today.
In December 2013 and January 2014, Mr. Jinghui Wang, the sole shareholder of the potential buyer of BAK International, lent a total of $83.7 million (RMB520 million) to us which is secured by our 100% equity interest in BAK International, guaranteed by BAK International and us, bearing interest at 20% per annum and repayable by March 31, 2014. In April 2014, we received a notice from Mr. Wang claiming that we defaulted on repayment of loans and interest accrued up to March 31, 2014 totaling approximately $87.7 million (RMB545 million), demanding immediate payment. Prior to receipt of the notice from Mr. Wang, we had been negotiating with Mr. Wang for a settlement of amounts owed by us, and following receipt of the notice, we continue to work with Mr. Wang towards a settlement. We cannot, however, give assurance that we and Mr. Wang will be able to reach a mutually satisfactory settlement agreement. If no settlement is reached, Mr. Wang may foreclose on the ownership of BAK International, which constitutes a substantial portion of our total assets.
In November 2013 and January 2014, Tianjin Zhantuo, the potential buyer of our Tianjin campus land use rights and properties, lent a total of $19.2 million (RMB119.5 million) to us pursuant to a loan agreement whereby Tianjin Zhantuo agreed to provide loan financing to us to the extent of $20.9 million (RMB130 million) to help us repay the bank loans upon maturities. The loans from Tianjin Zhantuo are interest-free, secured by the other receivable due from Tianjin Zhantuo amounting $6.4 million (RMB39.7 million) and repayable on demand.
Starting from the three months ended December 31, 2014, we are also engaged in the business segment of property lease and management of our Research and Development Centre in Shenzhen, which was completed in July 2013.
If these assets are disposed , we will retain BAK Asia and its subsidiaries, BAK Dalian and Dalian BAK Power. It is our understanding that the Dalian government will grant certain government subsidies to us, including but not limited to land use rights at a favorable price. During fiscal 2013, we received a subsidy of RMB150 million (approximately $24.1 million) from the Management Committee of Dalian Economic Zone, to finance our removal of operating assets from Tianjin to Dalian. We are building a new manufacturing site in Dalian with all the operating assets, primarily machinery and equipment, moved from BAK Tianjin, while retaining its customers, employees, patents and technologies. BAK Dalian will focus on the new energy high power battery business, for use in electric vehicles, light electric vehicles and other high power applications. We believe with the significant reduction of liabilities and disposal of the traditional low margin battery business, we can continue as a going concern and return to profitability.
How can the company go from a big projected loss to about a $1 eps estimate. does not make sense.
Also the loan is around 10% interest. who pays that type of rate these days.
To me cash flow was strong. If you get rid of the noise and calculate the cf like Warren Buffet.
Net income+depreciation-capital purchases, I come up with 3.2 million for the quarter. That is a run rate of $1.2 for the year. To me it was a strong quarter.