Most Chinese stocks I own are 1/5th their book value. There will come a day when they will have the same credence as the U.S. stocks and trade 16x EPS. I just wish it was sooner, rather than later.
They could issue a $.05 quarterly dividend, still not touch cash on hand, and still accumulate cash.
If they made $.40 a share yearly, and paid out $.20 yearly in dividends ($.05 x 4 quarters), they'd still accumulate cash each quarter, and pay down debt.
Anything for investor valuation? I'd prefer buybacks as long as share price is under BV.
We are smart enough to see that, why aren't they?
It actually wouldn't cost them much either. They don't buy back all $10 million at one time. They could use the money from their positive cash flow each quarter, and not even touch cash on hand.
As long as under book value of $10.00+ they should be buying back shares aggressively.
It would be great, but they probably wouldn't even think of it unless share price got under $1.00. As long as share price is under book value, they should be aggressively be buying back shares.
Let's hope not. There are not a lot of shares in the float, so can be a very volatile trading either way. Hopefully up....
If earnings can be decent, with some decent 2015 predictions, no reason why we couldn't see $2.00 again. If the company were to buy back shares they are authorized to buy, even higher.
Can't argue with someone on the inside owning 33% of the company. It's gotta be something good. I wouldn't own a company if I knew things were "bad".
How come up $.10 in pre market today? Anything new/good out there to make the price jump?
Hopefully it stays into the open, and throughout the day. Should be $2.00+ already, but hoping for $1.50 by earnings, and a pop to $2.00 afterwards.
If/when they get to $2.00, can they stay there without correcting again? Hmm......
... I'm doubting he'd put his money in a losing bet.
If he is willing to own 33% of the company, he has something to think positive with.
Maybe we will find out what that is in earnings/conference call next week.
If it is the case, they will give a high Q2 estimate in their conference call next Tuesday.
Coming closer and closer. Hopefully they will be decent, with some positive outlook.
I'd still like to see that they bought back 100k+ shares in Q1, but I am sure I am dreaming on that one. When share price is 1/5th the book value, they should be buying even in modest amounts.
If you could direct us to the site/source, it'd be appreciated.
They just keep expanding. More business, more real estate, etc. Just wish they'd buy back shares at least in a modest amounts. Just 100k shares a quarter, anything.
$1.50 before earnings? $2.00 with earnings/conference call? They just need need to stay above there.
Can we say $1.50 by earnings? Hoping so.
Some decent earnings/news/outlook could then bring us up over $2.00, or at least to a new 52 week high.
Should be $4.00 already. I know I've said this before, and I'll say it again. The company should be buying even a modest amount of shares back with the repurchase plan they have in, but are not buying back shares. 100k share a quarter wouldn't deplete cash, but would increase future EPS, shareholder value, and reduce float, making supply/demand in play.
Buy orders can be put in for any price. I can put one in for a million shares at $1.00, doesn't actually mean they are higher bids, so can mean a correction from yesterday, which would not surprise me, but would rather see resistance get to over $1.25, and stay there till earnings.
Q4 is always later because of the Chinese New Year, but they get back on track for Q1 report, so hopefully by end of next week.