8:22 am Yongye Intl. provides update on accounts receivable status; as of year end 2013, co had $466 mln accounts receivable outstanding, of which $177 mln have passed the co's normal six month credit period (YONG) :
Co provided an update on accounts receivable status as of the quarter and full year ended December 31, 2013. As of year end 2013, using shipment basis, the co had $466 million accounts receivable outstanding, of which $177 million have passed the co's normal six month credit period.
As previously announced, the co anticipated it would experience an increase in the amount of overdue receivables in the fourth quarter as has been the case during the past several years. The co's regular payment terms allow distributors to pay the total purchase price within six months after the receipt of the co's products. The second quarter is the co's largest quarter for sales as it is the height of the peak farming season in China and as a result, the overdue accounts receivable amount normally spikes during the fourth quarter.
January 8, 2014
06:37 EDT SBUX Starbucks initiated with a Neutral at UBS
06:19 EDT SBUX Starbucks initiated with an Outperform at Credit Suisse
(from Fly ... Wall)
It was certainly disappointing when it tanked, but the reason it tanked was because an analyst (discussing MU?) warned that there would be weak demand for NAND....and boom, SNDK dropped around 10%. I don't remember the name of the analyst, but perhaps someone else has a better memory. And then, within a couple of days, as I recall, SNDK mgmnt announced their divi and buyback, which helped out some. It was nice to see mgmnt come through with those announcements (IMO).
I am impressed at how 'they' are able to keep the trading at such a narrow price range. Nearly twice the normal daily volume, and for most of the day, the range remains within .03/share. Does anyone understand the details of how this is accomplished? I've noticed this many times over the last months (typically with much lower volume), but after recent events, it seems like more of an accomplishment to me. Any experienced thoughts on this?
It is my understanding that the iPhone 5 uses Sandisk flash memory chips...has anyone read anything about the chips and the 5S / 5C? Seems to me that if the 5C uses the Sandisk chips and Apple gets an agreement with China Mobile, that out to be a huge boost to Sandisk profits. My simple logic....anyone with more expertise have a few thoughts or read about the 5C using Sandisk components? (I guess we'll find out about this soon enough)
Perhaps it's because he can't move his lips without lying? Did you hear the news?....he now claims that he didn't 'set the red line'. I guess I was hallucinating when I heard his tough guy threats.
Could someone experienced in these 'take private' deals outline the typical process and possible time frame we might expect after 'negotiations' come to an agreement on a 'fair price' for this deal? Let's say, for instance, that they came to an agreement at the end of this week. Then what?
Fab fire sends Micron, SanDisk sharply higher
A massive fire at a SK Hynix production facility in China is likely to cause NAND/DRAM shortages just as the peak pre-holiday production period gets ready to start.
Micron (MU) +6.2%, SanDisk (SNDK) +3.5% premarket.
One report says 15% of worldwide NAND/DRAM production occurs at this plant.
interesting...from the article....
The logs, discovered by global trade research firm Panjiva (via GigaOm), show Apple took delivery of three shipments from mid to late August from BYD Precision Manufacture in Shenzhen, China. Each bill of lading refer to the contents as some form of "Set Top Boxes."
In chronological order, Apple received shipments described as “Set Top Box with Communication Function" on Aug. 11, “Set Top Boxes” on Aug. 18, and “Set Top Box with Communication Function” on Aug. 25. Shipments were large, the first being 7.04 metric tons, followed by two identical batches weighing in at 16.63 metric tons.
According to the Pajiva Shipment Search tool, BYD has only supplied Apple with one shipment prior to those in August, being a "PC Portable" on Aug. 18. The most recent record of similarly named "Set Top Boxes" shipments was from Hon Hai in December 2012 and contained units bearing the A1427 model number found on the current-generation Apple TVs.
Interesting....I've made well over 50% in less than a year on SNDK....bought and sold a few times. AND I would have made considerably more if the big boys hadn't put out their bogus warning the morning after the great earnings report and raised guidance....and they'll change their tunes soon about AAPL as the new products start rolling out (finally!). I also think it's time very soon for another SNDK run up (hopefully this week).
Not sure about you, but I've made about 20% on PIR so far this year, on swing trades. Requires a little patience. It tends to move quick when it runs. It's bounced off this $23 area about 5 times in the last 10 weeks or so....hopefully the market will be agreeable during the next week or two and we'll get the bounces. It's been running horizontal longer than usual, so it's about due. If you take a look at the 2-yr or 5-yr chart, that might remind you why it's been a solid investment. GLTA
BEIJING, Aug. 6, 2013 /PRNewswire-FirstCall/ -- Yongye International, Inc. YONG ("Yongye" or the "Company"), a leading developer, manufacturer, and distributor of crop nutrient products in the People's Republic of China ("PRC"), today announced that the Company will report its financial results for the second quarter 2013 before the U.S. market opens on August 9, 2013. Yongye's management will host a conference call to discuss its second quarter 2013 results at 8:30 a.m. Eastern Time on Friday, August 9, 2013.
Thanks....and apparently some of the big boys decided this was not a good move by sndk? I assume this is the cause of the dump a few minutes ago?
bump bump. Very nice to see the company support like this. My condolences to the shorts (NOT)