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China Customer Relations Centers, Inc. (CCRC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.250.00 (0.00%)
At close: 4:00PM EDT
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  • N
    Not the Fool U Think I am
    Does anyone know why it would be trading below the sale price? What are we missing here? Seems that free money is on the table for the taking if shares are bought back at 6.50 right?
  • j
    jung
    CCRC is one of those truly undervalued stock in this market. Without any growth it should be valued $11.50 ( $1 earning + cash) ....I can't tell you when, but it will go back up to 2019 level soon. Since they report earning bi annually we may have to wait 3 more months but it will get there....also it looks like the recent low balling offer was not taken, which is a good news for shareholders.
    Bullish
  • j
    jung
    so disappointed at the price...it should have been really $8 at the absolute minimum.
  • j
    jung
    Today might be the day we'll see $10+...and I think whenever that happens, even if it's not today, CCRC will stay around $10 rather than pull back till the next earning report. And the direction after that all depends on the progress. If it's good, I see $15 ~$20.
  • C
    China Investor
    What will happen to shareholders after CCRC going private?
    加入微信讨论群:To join the Chinese Investor Group, please add WeChat ID: ChinaInvestorGroup
  • m
    moonwalker
    The recent offer has been taken off the table. This stock is a Chinese stock. I no longer trust it.
    Bearish
  • j
    jung
    CCRC is not something you can really daytrade with. You just need to buy and hold for the proper valuation or possibly a new proper offer. My optimum minimum target is $10 for a new offer and if it goes up on its own valuation, I see $16 within a year..
    Bullish
  • m
    moonwalker
    Apparently they've received a new offer of over $8. I'll post the link as soon as my contact sends it
    Bullish
  • j
    jung
    Here's another way to look yesterday's and today's movement.

    Even though the cash offer of $5.37 is a non binding and low balling offer, it is still a legit offer from the current share holders...so there's always a possibility for the company to take that offer. So it's kind of funny it shoot up to $10 no matter how good the earning report was. That's why the shorts seized the opportunities yesterday and shorted them heavily....rationalizing even if they increase the offer, it won't be not too much above $5,37.
    Today's reaction was also funny in a way it really should have never come down this low, since the offer should be anchored as a support.
    It shows how irrational the market can be when it went up over $5.37 yesterday while there's a chance to lose money if the company takes that offer and also when it went down under $5.37 today.

    I see it go up to at least around $5.37 very quickly because of the existing offer, which could be increased and even without the offer the underlying fundamental makes it too cheap at this price.

    Tomorrow we may see another weird movement going above $5.37.
    It's a funny market we're dealing with.
  • j
    jung
    Let's recap some of the things happened in the last 2 days.

    They had a very good report...so it jumped from $5 to $10 and settled at $6. Usually after a big run like that there's a always a bit of a pull back and go through an accumulation period. Today's action, to me, is nothing more than shorts manipulating to cover their positions.

    Regarding $5.37 cash offer in November...it seems too cheap especially after a good report. It's a non binding offer, so I won't give too much meaning to it and I don't think the company should accept such a low balling offer anyway. They probably will have to up its offer.

    What SA article says is $10+ is a fair value (to the author) which I agree with and the bottom should be $6 in the most bearish case. I think it will go back up to $10 eventually and to $6 very quickly.
    $10 was the average price before the market crash in March and $8 was the lowest price.
    I feel bad for people who might have lost their money today but I believe it should be averaged down. Anyway I hate to see anybody losing money,
    Good luck to everyone.
  • j
    jung
    @Tim...I cant predict when the new offer will be made or not. But I, in a way, would prefer either they make a proper offer of at least $10 or totally take it off the table so that CCRC can be traded at it's proper valuation of around $16. And the fact that the low balling offer has not been taken is actually a good sign.
  • R
    Ruben
    this doesn't make any sense. it was trading around 5 before the ER. now that metrics have improved is below that average. This is manipulation, it has to be and I can't sell until I get my money back at least. already 10k down since yesterday.
  • M
    Marco
    It still no clear to me why with such positive news is going down...

    Earnings per share was $0.56, compared to $0.27 for the same period of the prior year.

    I mean...it doubled it from one year to the other....!!
  • j
    jung
    I suspect new bid around $8. However I hope it goes up on its own valuation, then even $8 seems very cheap, which was the bottom price throughout 2019. ($8 ~ $16)
  • P
    Philip
    The problem is that this stock is normally so thinly traded. Prior to yesterday, 6,000 shares per day at $5 per share = $30K exchanged per day. Lots of people, myself included, jumped on yesterday, but there is simply no buyer demand for this stock. Yesterday, half the stock turned over resulting in new buyers looking for a quick gain. Once that didn't materialize, getting out is hard because there is no liquidity, so it basically becomes sell at any price.
    Neutral
  • j
    jung
    I think this low balling offer should be totally off the table.
    $10 should be the minimum price on its own valuation and has a good chance to run to $16~$20 in the future. The valuation is way too cheap here.
    Bullish
  • j
    jung
    It looks like the previous offer of $5.37 is not taken...which means it will go up to $6 minimum and possibly $10 again
  • M
    Marco
    Gross profit increased by 38.9% to $25.91 million. Gross margin was 26.5%, compared to 25.5% for the same period of the prior year.

    Operating income increased by 89.1% to $10.06 million. Operating margin increased by 3.0 percentage point to 10.3%.

    Net income attributable to common shareholders increased by 106.4% to $10.30 million.

    Earnings per share was $0.56, compared to $0.27 for the same period of the prior year.
  • m
    moonwalker
    Looks like they've received a higher offer. Waiting for confirmation
    Bullish
  • M
    Matteo
    the only thing keeping this stock from reaching the sky are day traders selling for 1% profit. I have a name for such people but I would violate the YF policy