I doubt there will be any response. Unless China comes clean about CSGH and CBPI, the SEC, US Government and stock exchanges should ban trading of ALL Chinese stocks.
I guess the Brooklyn Bridge could be valued in three ways. First is the improving economy, such as the number of cars per day and the new buildings constructed near by. Second is the willingness people are willing to part with their money in such an investment - don't know how many times the Brooklyn Bridge has been sold. The third is what I think Rockerfeller said about a shoeshine boy planning to sell overvalued stock for more than he paid for it - known as the greater fool theory.
500,000? That number indicates a computer malfunction.
I think it's part of a plan to phase out desktop computers. Last May's changes to flickr, part of Yahoo, made pages very slow and bandwidth hogging to view with a desktop Windows 7 PC. Viewing is painfully slow so I don't use flickr much anymore. Yahoo and others in power probably intend to get people to give up the PC and switch to smart phones and tablets and more cloud computing devises that are in development.
About 10 years ago Yahoo News pages suddenly became huge and took forever to view when people used dialup internet access. A few years later nearly everyone was using broad band internet access and new companies like Google appeared. Even though Yahoo is no longer the leading 'web porthole', a lot of money was made by other web sites and internet access providers and telephone companies.
Why think CSGH will suddenly report again?
Have you ever wondered if the last "Purchase of plant and equipment was $2,750,564 against $52,513 a year ago." was somebody sold them a used car for $2.7 million? I can't trust it. Other Chinese stocks have gone dark like this and the Chinese version of the SEC won't do anything about it. The SEC won't do anything about it.
Gambling in Chinese stocks is just too risky for any serious investor. If you are trying to invest in China's urbanization and continued growth, seek multinational companies that would benefit from this growth.
To try to keep this simple, I think the 3-year price target for RAD is in a range of $4.50 to $8.95 per share.
I look at revenues, profit margins, net profits and number of shares for the past few years, and look for growth or improvement, and also look at the business environment. I don't see much improvement and no real growth, especially when compared to WAG and CVS growth in number of stores and same store sales. There maybe some growth in revenue from RAD store remodels, but the cost of these remodels will probably effect earnings, interest expense or maybe dilute RAD's earnings per share. I doubt if RAD's Wellness Card will compete with the cards of WAG and CVS and COST. I think RAD's front end sales will suffer because the dollar stores such as DG, FDO and DLTR are adding beer and wine and other convenience foods, so it seems the customers going in to get just a few items and get out quickly will get in the habit of going there instead of RAD. Wal-Mart also may build many small stores similar to the stores that CVS and RAD are adding every year all to compete with RAD.
This environment and projection of data the past few years is why I believe in about 3 years RAD's revenue will be about 27.7 billion, the number of shares to be 928 million, and the revenue per share to be $29.82 and earnings per share to be $0.45. Because of the limited growth compared to CVS and WAG, and the lack of ability to pay much of a dividend, I think RAD's price-over-earnings will be 10 and price-over-sales to be about 0.30. Using price-over-earnings I calculate $4.50 per share, and using price-over-sales I calculate $8.95 per share.
So I guess the price target is 5 or 6 dollars per share, and if it gets to 10 or 15 dollars per share maybe short RAD, and if gets to 2 or 3 dollars per share maybe buy more RAD.
If you invested the $370.21 in RAD at $1.571 per share and stayed in until selling at $5.00 per share, you would have $1178.26 now. But even with the $748.97, you are way ahead of the S & P 500 index.
I was shopping there because I only needed one item and I happened to be near a RAD store that day. The other items on my list I didn't really need so I let those wait until doing more shopping are other stores. But I checked the prices and they were about the same as the others even if I had/used a membership card.
About the card, many people don't want to remember another password, or say their phone number where many people standing in line can hear, or have to enter another number into the keypad, or have another card to clutter up the wallet and maybe cause back trouble, or get more junk mail or junk e-mail.
Yes using the card make a difference. The man in old clothing I saw just outside the RAD's door tending to his bicycle may have no choice but use the RAD membership card if the bicycle is his only mode of transportation. But I just happened to be in the area that morning and only needed one item at the store that day. I looked at a number of other items that I didn't really need at the moment, and found that even if I had a membership card, the price would be about the same - not an exact science because of different brands, quality and package sizes. So I ended up buying only two items, and saved the rest of shopping for other stores closer to home. This shopping behavior may show how the membership card increases basket size, yet the front-end sales continue to be down. Doing more research, I find that a lot of shoppers are now seeking bargains at dollar stores such as DLTR, DG and FDO.
Jet, I think garrigan is jealous that Wal-Mart provides a size D dividend that RAD doesn't have.
"Front end is killing it" sounds like bad news. My shopping experience is negative because they try to sell me a membership card. So next time I drive extra miles for better prices and no strings at Wal-mart, or use my Target or Costco card. I believe RAD's pushing the membership card is the reason for a decline in front end sales. They guy in front of me buying a caffeinated soda and cigarettes probably wants the freedom to shop around as well, and to not be hassled by having to deal with extra cards or letting everyone in ear shot hear/iPhone-record his phone number.
But I think if RAD continues to close unprofitable stores, it will be a very good turn around play for RAD shareholders in the next few months. And Wal-mart may do ok as well.
What book value?
I'd guess CSGH's assets were expropriated by the government or handed to creditors or the retired executives, leaving CSGH with nothing.
I would guess it's a matter of exclusion, where Samsung and Costco sell Galaxy at a lower price in exchange for excluding Apple iPhone for example. The greedy executives take advantage of consumers captivated by the membership cards. Another case is some quick-service restaurants have many colas and Pepsi but not Coca Cola, or many colas and Coca Cola but not Pepsi.
If VZ is the only stock you own, I suggest that you diversify, to sell some VZ and buy other stocks. Maybe buy some growth stocks or maybe some dividend stocks that have a lower dividend payout ratio. The dividend payout ratio for VZ seems way too high - The amount VZ pays out in dividends in proportion to how much money VZ makes or earns. I believe sooner or later either VZ will have to increase it's earnings or decrease it's dividend. If VZ reduces it's dividend by half, the price per share would probably fall to 25 dollars per share. If you own other stocks in addition to VZ, the VZ price decrease and your dividend income decrease wouldn't be as bad because it only effects one of a number of stocks you own.
I've been watching VZ price-over-earnings ratio, and the dividend payout ratio and the lack of much revenue growth. It seems sooner or later they will have to reduce the dividend and the price may fall to 25 dollars a share.