The dilution of 16 mill is taken into account on their adj EPS number. i.e 61 mill verses 45 is the divisor used on earnings.
Morgan Stanely Asia invested 100 mill in preferred shares And has two members on the board of directors so unlike most small cap chinese any sniff of fraud is laughable. The second half of the year guaidance is having earnings jump up to at the very least $1 eps in the second half ($2 annualized) with further growth to come as their ever increasing capacity ramps up. And dozens of other small cap chinese stocks are jumping, yet here we sit. #$%$?
2013 at the low end, or $2 plus annualized with stock trading at under $5,(PE of under 2.5) with plenty of growth going forward from continued increase in capacity. Also of great importance when dealing with China small caps is the face that MS Asian has bought $100 million n convertable preferred shares and has two members on the board which throws the threat of fraud out the window.
MS asia investments also usually lead to private takeovers al la Young.
on CC was that they were going to stop aquisitions and concentrate their efforts on managing their existing business.
So what. Wbat's you point. Crawl back in you hole with the rest of the H-town #$%$. Short away, but don't bother trying to rationalize with a nonsensical arguement.
plus the net cash/working capital per share and it's ridiculously cheap. Lean to crunch numbers and know why you are buying something. Growth is not a catalyst.
MS asia had also made a 50 milllion preferred share investment in YONGE and here they have 100 million erradicating all thoughts of fraud especially with 2 MS on the board. Remember the run rate for second half of year is annualized at over 2 dollars and rising, with a further capacity increase coming online in a little over a year.
The good,/great news was out in the q2 press release with the guidance for the year, crunch the numbers, and not the jump up in revs/income full year guidance means for the second half of the year.
they entered at the beginning of the year. This will tell the tale on weather this is a $40 or $20 stock by the end of the year. Remember sales of security software have been basically flat over the last 3 quarters as the growth has come from the feliu side of the business.
I agree reguarding the idiots on this board, but any pullback welcome, as analyst EPS estimates for next year are a nonsensical 1.34 when they will be well over 2 dollars.
My major interest is how the security software is selling at the 3500 locations it has entered. Seems to me management has overestimated the attach rate of 20%. To me this seems extremely high as there is no way one out of every 5 new customers is going to sign up to spend 10-20 bucks a month extra for their various software packages. Rember the security software side of their business has been basically flat the last 3 quarters. If on the otherhand people are buying the software in any kind of numbers at all, earnings will explode as the retail locations will be a great proving ground for their carrier agreements will has the potential to dwarf everything else.
You don't know much, do you. First of all I am long. Secondly, if security software ramps up as management has guided to, earnings will shoot up dramatically, and with it the share price doubles within the upcoming year.