Thanks for keeping us informed about your communications. I think highly of this company and am satisfied with their approach and strategy though like to see more exposure and efforts to improve upon shareholder value.
Nice if their clients follow their recommendation which does not say very much other than a little cut and past job using past PR announcements. Their recommended price of $15 is based on a P/E ratio which is high for Chinese stocks. In my view, a positive recommendation cannot be more than $10, but that still means enormous profits for me..
The relevant passage indicating "net growth in new stores" and "overall sales" for the year showing " strength" is quoted below:
"For 2014, we estimate positive net growth in new stores, particularly in the second half of the year. We also believe our overall sales for the year can show strength based on our marketing and product diversification efforts. Average selling prices are expected to be lower for the foreseeable future as our sales discount to distributors is now 3% higher than last year and we broaden our product assortment of lower price products to drive greater sales during a softer consumer shopping environment. This will be partially offset by greater supply chain efficiency that will result in lower purchasing costs."
As I have indicated the whole industry has been on downward trend and highly competitive pressures reflected in discounting, but much of this is already reflected in the price. Any sign of reversal or even stability will result in a much higher price. But I am not a long term investor and mainly trade the stock short term and only for its price fluctuation cycle.
Thanks for the comment asa6e. Paid Bashers that post against me, often using multiple names, or follow me from board to board, somehow foolishly believe that I carry lots of influence and think by bashing and discrediting me they can prevent others from buying the stock or scare them into selling it. Nevertheless, as you can see I never express a buy or sell sentiment or recommend a stock though I always candidly express my own views and actions about a stock. As you have indicated, GURE has great potential and we shall soon see some of it realized.
You may be right about a breakout which has to come eventually, but the current pattern of trading is repeat performance. It seems like a slow and gradual pre-earning rise with little volume.
Agreed montecker. I got cash but reserving it for possible pre earnings drop in price in several stocks. So far I have been buying PME whenever I can. Nevertheless, I may pick up 20,000 shares of CHOP tomorrow if it goes down further.
of few hundred shares which is characteristic of trading this stock most of the time is meaningless. Instead of nibble trading we need nimble trading and high volume. Then we should easily and in no time surpass $1.50s.
$2.00 will be certainly nice but since I am overloaded with cheap shares I have to start taking out out profits incrementally in $1.60s.
I originally bought HMPR because of a low price and expecting a merger/buyout since the insiders owned most of the shares. The same reasoning applies to PNBK. I first bought it at around $1.00. There has been some changes to HMPR fundamentals and I now think that if there is a merger/buyout it will be much later. I still hold some shares but unloaded about 2/3 of my position with a nice profit mainly because it was stagnant and I could use the money elsewhere and turn it over faster. I will do the same with PNBK if it does not show a major breakthrough.
What do you mean by "replace"? And whose radar. The meat scare is like a double edge sword. It may temporarily reduce aggregate meat consumption but at the same time increase demand for pork as a substitute.