Lets see revenue almost doubling every year, profits about the same. Gonna do probably 2 billion in three years if not more, profits should be through the roof. A billion people is a really , really big number. Do I care if it hangs around down hear for a little while, no. Until I see a major slowdown in growth I will stay in, maybe he knows something we don't. I'm buying more if it gets to 60.
Last night the CEO said they could produce a maximum of 300,000 per month, that 3.6 million per year. Thats somewhere between 12.6 million and 54 million , a far cry from the 600 million number you are throwing out there.
According to the CEO last night the suits cost between 3.50 and 15 dollars per suit. Thats between 7 and 30 million for 2 million suits. Straight from the horses mouth.
It was like this. "Hi my name is Tony , I bought 14 shares today. Mr CEO can I take up 10 minutes of your conference call with a stupid question. I'm not sure of what I want to ask, I never got through before. Management didn't sound too smooth either, the guy sounded like Andrew Dice Clay. " Hey yo we got a 1000 broads in China making these things. We'll just work em to the bone you know what I'm saying, pay em a nickel an hour." There could be a cure for ebola before this company makes any money.
On the conference call , they said they would not give any guidance as to Q4, either revenue or profit. They will announce large orders, but thats it. This was supposed to be a quick hit , not a buy and hold. I sold for a 1 dollar per share loss, no big deal. I still can't believe the suits are so cheap. They said they are very "labor intensive to make". How much labor can there be, they sell them for 3.50 for the cheapest one. I will revisit maybe in the springtime. Good luck.
That isn't anywhere near as high as I would have expected. I thought at least 100 bucks apiece. I wouldn't put my life in a 5 dollar suit to save my life. I just found out what I need to know. I'm out , gonna take a small loss . Good luck.
What is "significant", could be a 5% increase to this guy, I wish they would throw out a number. Even sandbag , that would be fine. The quarter is halfway over, he knows what they are going to do. Tell us.
He can't just say "we will have a big increase next quarter", he has to give us some numbers. Q3 shows some real good long term debt reduction etc, but not many of us in this stock plan on being around very long.
I've been saying it is going to 56 bucks to fill a ago from May 21 for months. Everyone said no way, but it looks like it will happen. And yes I'm putting in a bid at 56.25 for more. Next year could be huge. Good luck.
I never said when I bought it. I bought right after the ipo in Dec of 2012. I'm thinking it could be a monster in 5 more years.
My other Chinese stock is YY. I bought in the teens, sold half at 50. I'm long well below zero. That company did 50 million in business in 2011, the will do close to 600 million this year and near a billion next year. That is real growth, that is what investors want and expect from Chinese companies.
They will do the same amount of business as Q4 2011, three years ago. They doesn't sound so good. I ask once again, where is the growth? If you can't grow a company in China, you really suck at what you do. I hear everyone get excited about the backlog, great we have this massive backlog. What percentage of that backlog will ever come to fruition? Is it real? Come on , you have to have doubts. The only hope is myStore. The only part of the business with any real potential.
Every quarter they underestimate projections for the upcoming quarters. You gotta remember Q4 is halfway over already, they know what is going on. No reason to believe they aren't just sandbagging again. Under promise and over deliver is far better than the alternative. I will agree that when growth is just good and not great, the party is over here. But I kind of think that 50% growth is great, maybe it's just me.
This stock has filled every gap so far, including that move from the 90s to the 50s. We have one at 75.50 from October 22, so put in your buy orders at 76 bucks and wait a few years. I'm thinking three years from now this stock could be a life altering stock for many.