The stock should begin rallying soon in anticipation of the next E/R which should show the Q2 profits that were held up by APEC added to Q3 profits. This company is turning profitable for the first time in its history.
Book value $22.25
Cash on Hand $7.65
This stock could be over $10 by the end of the FY.
"For the third quarter ended on March 31,2015, we expect to earn revenue of between $10 million and $11 million, net income of between $1 million and $1.5 million, and EPS of between $0.48 and $0.71 based on fully diluted shares of 2.1 million as of February 15, 2015."
APEC held off China industrial production during the quarter and guidance is the same so the next 2 quarters could be blowouts. Buying the $4's.
After the e/r last June the stock rested for a week or two, collected some shorts, and then in one day ran from the 4's to 9's. That e/r was very average compared to the latest one and here the stock is in the 4's again barely above cash. Very little volume can move this stock in a big way.
Sep 30, 2014 Sep 30, 2013 Sep 30, 2012
Total Revenue 6,186 11,562 1,451
Cost of Revenue 4,222 10,544 1,689
Gross Profit 1,964 1,018 (238)
trading under cash again but not for much longer
low volume pre-holiday weekend fades are close to a given after a big spike on a strong earnings report, I bought in the mid 2's sold in the mid 5's and am now buying back in the low 3's before the next trip over 5. maybe more if it gets momentum. I'll take this low volume fade all day long
selling for a loss is what quick trade shorts want you to do, this company is finally turning profitable and has been around for 14 years, price to book is around 20 cents and guidance is through the roof
my apologies to the 'every Chinese stock is a scam' gang
I guess they've been fooling everyone for 14 years...e/r in 3 days, perhaps the stock could rise back up to its cash level
They're going to lose their shirts for at least the next year.
Sentiment: Strong Sell
going by your history every Chinese stock is fake
this company has been around since 2001 and has nearly $4 cash, it will soon explode to the upside when you least expect it