Share Repurchase Program
On June 28, 2013, the Company announced a new share repurchase program to repurchase up to US$100 million of its ADSs and shares. During the third quarter of 2013, Renren repurchased approximately 3.7 million ADSs.
The Company expects to generate revenues in an amount ranging from US$29 million to US$31 million in the fourth quarter of 2013, representing 36% to 41% year-over-year decline. This forecast reflects Renren's current and preliminary view, which is subject to change.
YRC Worldwide Company Contract Proposal to be Reviewed by Local Union Leaders
YRC Worldwide Inc. 2 hours ago
OVERLAND PARK, Kan., Nov. 26, 2013 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (YRCW) announced today that the International Brotherhood of Teamsters (IBT) has set a Two Man Committee meeting date of December 6 for local labor leaders to review and to decide to submit the company's proposal to the membership for a ratification vote.
"This meeting and the subsequent vote, which we believe will be ratified, is another important and positive development in our long-planned refinancing process and the continued implementation of our turnaround plan. We are grateful to our union and non-union employees who have made significant sacrifices to keep
our company moving forward and our customers who have shown solid support in this process," said James Welch, CEO of YRC Worldwide.
according to seeking alpha, its time to buy;
Bitauto (BITA) is benefiting from strong growth trends in China's auto market. These trends are expected to continue in the future, with China's auto sales set to double from 2011 through 2020. The company also aims to increase revenue in the used car market, as management sees increasing demand for used car valuation products. That has led to a partnership with the U.S. based Kelly Blue Book, which will provide vehicle valuation products via web and mobile to consumers, automakers, auto dealers and other
automotive-related companies. As a result of the secular growth trends in China's auto market and the growth in online advertising, Bitauto is delivering robust earnings and revenue growth. My initial price target is $45, representing 32% upside from Friday's closing price.
When you read those kind of numbers which you just mentioned its exactly the type of investments you want to invest in. Cloud computing in China will grow for a long long time.
Buy when there is blood in the street, they are giving you this one especially even with a down grade, it doesn't get any better than this. I have doubled my position today