Now, it is best time to discuss the land value, since we are going to hold the stock of the property manager very soon.
As for the 566,100 square feet (52.592 square meter) in Gushu, Shenzhen, from August 5, 2013 press release, it mentioned the adjacent land fetched at $20,000 per square meter. It implied the land of Gushu, Shenzhen is worthy of over $1 billion.
As for 1.2 million square feet in Guangming, Shenzhen, I have no idea how much it is worthy of.
Anyone has the idea of how much they are worthy of?
It looks like that it is hard to reach break-even level from the operating even at 40% gross profit margin and 30% revenue growth for the year 2013.
Do not know how the market will response this news.
Given my current view of the world economy and near and middle term prospects of Western countries, which are virtually repeating the 1930s, I would like someone who will hold the money conservatively rather than spending it to do big acquisition.
I will continually monitor BTN.
Does anyone know Mr. Gary L. Cavey's performance prior to joining Ballantyne Strong, Inc.?
From the followings earning excerpts, it seems the company are actively engaging the M&A activities. Can anyone make some comments about this?
I am intending to buy BTN sometime soon.
"Given our cash position and untapped $20 million credit facility, we continue to be well-positioned to both fund our working capital needs and explore M&A activities. We intend to effectively deploy this capital as we pursue strategic growth opportunities developed through our merger and acquisition strategy and other strategic initiatives. To assist with these efforts we have retained the investment banking firm of George K. Baum & Company.
"Our management team remains focused on completing accretive purchases that most effectively leverage and build upon our unique positioning as a leading turnkey provider of digital cinema products and services and our core competencies including strong customer service, global distribution and service networks, and proven skills in providing integration and installation of electronic components, among other items. While Management and the Board continually explore capital deployment strategies, we collectively agree that the time is not right for alternative allocations of capital, including, but not limited to, dividends and stock repurchases. "
In addition, I have some questions for you:
1. You mentioned that "cntf is within the 130 companys that prohibit for buy." Where is the source?
2. You mentioned "3mm share shorted in a day", how do you know it for sure?
3. Q2 result typically is not audited. How could you expect the audited results? Just for this panic reason?
I agree with you that we should be prudent under current market condition, but disagree with you on your logic.
If the fact that you have held over three years cannot make you believe the revenue and cash are true, how could one more quarter make you believe "the revenue and cash is true" around August 15?
Since I saw you on this board, your behavior and logic are just like woman, who is suffering from painful menopause or menstruation.
Your mind could always change any minute.
BEIJING, June 15, 2011 /PRNewswire-Asia/ -- TechFaith Wireless Technology Limited (NASDAQ:CNTF - News) ("TechFaith") today announced it will launch a new mobile social media solution in China called "17Talk", along with "17Store", through its subsidiary TechFaith Software China Limited (TechSoft), a joint venture company with QUALCOMM Incorporated (NASDAQ:QCOM - News).
Below is the excerpt from 20-F, which clearly stated that the auditor has expressed "unqualified opinion".
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements and financial statement schedule as of and for the year ended December 31, 2010, of the Group and our report dated May 24, 2011 expressed an unqualified opinion on those financial statements and financial statement schedule.
/s/ Deloitte Touche Tohmatsu CPA Ltd.
Beijing, the People’s Republic of China
"selling 50,000 unites per month" means for the motion controller, whose ASP is less than or about $100 per unit.
17 Box (Wii counterpart) and 17 Fly (Kinect counterpart) will be released very soon. So from Q3, you will see the revenue and profit skyrocketing.
By the way, it is very odd for you to buy 20000 shares at about $5.4 and 15000 shares at around $5.8 but not around $4.0.
Hope you can keep your big bed.
Translated by Google in the following:
This is part of CCTV news coverage, not advertisement at all.
This indicates that 17vee have been approved and promoted by the Chinese government.
Wondering where our stock price is heading with this strongest endorsement any business is dreaming about?
I wish I have more fund to buy this elephant while it is still a baby.
Probably, you and JP are the only ones here that have fund to buy more.
What a lucky guys.
We will be rewarded very soon.
Other companies with similar growth prospects, be it US based or China based, are trading at least two to three times the current market value.