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Ever-Glory International Group, Inc. Message Board

jackdav78 4 posts  |  Last Activity: Aug 15, 2014 12:27 PM Member since: Nov 9, 2009
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  • jackdav78 by jackdav78 Aug 15, 2014 12:27 PM Flag

    This company was at the beginning in the wholesale business only (poor margins and prices erosion) and has decided to create in 2008 a domestic brand (retail market) in China. It started from scratch and they are now making approximately 200 M$ per year on the retail segment...which starts to be significant...with decent margins.If you add the wholseale revenue, you have a company almost making half a billion dollars per year. Globally the growth is 20% per year as far as the EPS is concerned. In the last 18 months, the important point is that the PER has increased very significantly, thus reflecting the fact that the company is now more trustable (size, revenues, targets achieved regularly, growing EPS).That explains why the share price has increased so much lately (it reached 8.50$). If you have a closer look at the share price, you'll notice that it decreased to 5.4$ tonight...People have sold it because the EPS has suddenly decreased to 0.68$. In fact, this decrease has nothing to do with the reality or any problem in the EVK business, but it is due to the fact that now EVK is eligible to regular tax rate ....(exemption is over).I won't go into details but you can read that in the results very easily. Therefore, the fundamentals are intact and...the stock starts to increase again.For the future, I think there is a huge potiential since EVK should reach 1.2$ (EPS) in the mid term and the stock could then reach 15$ or more.To finish that summary, I can add that several institutions such as Invesco, Goldman Sachs, BlackRock Fund Advisors,Bridgeway Capital Management, Inc, Eagle Global Advisors, LLC have started to invest in the company, and that in the last days, EVK has entered the NASDAQ Golden Dragon China. ... My 2 cents...

    Sentiment: Strong Buy

  • jackdav78 by jackdav78 Aug 13, 2014 9:45 AM Flag

    Again EVK delivers the numbers and this time it is very important : the company revenue being now significant, it is a strong performance to have such a growth rate. This simply demonstrates that the company is solid and that the retail business is really taking off very seriously....now i'm starting to think about the chinese H&M or Zara !

    Even with the new income tax rate applied, EVK achieves 0,38$ of EPS this quarter.....which is very positive for the following.

    That puts again EVK on track for the 1.2$ - 1.5$ yearly EPS in the short term...do your math then and you'll see that the 15$ per share is not so far from now.

    Good luck to longs

    Sentiment: Strong Buy

  • Reply to

    Question?

    by bobtriplett33 Jul 21, 2014 2:48 AM
    jackdav78 jackdav78 Jul 23, 2014 3:53 PM Flag

    Hi Bob,

    I'm not saying that I have a crystal ball, but at least let me share some information and my point of view with you. First, I own this stock since 2006 and I've been following the company evolution since it was on the OTC market.

    This company was at the beginning in the wholesale business only (poor margins and prices erosion) and has decided to create in 2008 a domestic brand (retail market) in China. It started from scratch and they are now making approximately 200 M$ per year on the retail segment...which starts to be significant...with decent margins.If you add the wholseale revenue, you have a company almost making half a billion dollars per year. Globally the growth is 20% per year as far as the EPS is concerned. In the last 18 months, the important point is that the PER has increased very significantly, thus reflecting the fact that the company is now more trustable (size, revenues, targets achieved regularly, growing EPS).That explains why the share price has increased so much lately (it reached 8.50$). If you have a closer look at the share price, you'll notice that it decreased to 5.4$ tonight...People have sold it because the EPS has suddenly decreased to 0.68$. In fact, this decrease has nothing to do with the reality or any problem in the EVK business, but it is due to the fact that now EVK is eligible to regular tax rate ....(exemption is over).I won't go into details but you can read that in the results very easily. Therefore, the fundamentals are intact and...the stock starts to increase again.For the future, I think there is a huge potiential since EVK should reach 1.2$ (EPS) in the mid term and the stock could then reach 15$ or more.To finish that summary, I can add that several institutions such as Invesco, Goldman Sachs, BlackRock Fund Advisors,Bridgeway Capital Management, Inc, Eagle Global Advisors, LLC have started to invest in the company, and that in the last days, EVK has entered the NASDAQ Golden Dragon China. Hope this will u :)

    Sentiment: Strong Buy

  • The Street has finally realized that the EverGlory performance was still there ...despite the fact that the EPS increase has stopped at the moment....As I stated in my previous post, the performance and growth of the company is there and we are measuring the same company as it was before...the only thing that has changed is the tax rate EVK is now eligible to ....I invite all the interested people to have a look at the report...this is crystal clear...this tax rate effect will be cleared (at the EPS impact level) before the end of the fiscal year due to the company growth...and then the EPS will start to increase again....I encourage everybody to have a precise look at the incoming statements....

    I don't know yet if EVK will be the new Zara or H&M in China but they are clearly on the way. Cross fingers !!!

    Good luck to longs

EVK
6.5001+0.1301(+2.04%)Aug 22 4:00 PMEDT

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