recently moved, time to start going through lots of companies and see what’s up these days… reorient, and get the good deals. Note that just because I am not interested doesn’t mean you shouldn’t be. I’m ridiculously cheap. Paying less for more is my style and if it’s not a good deal it’s hard to get my attention. Again, this hunt is for the cheapest companies in the world. The 10 cheapest. Also note that in this post it’s likely that 90% of these stocks will outperform market averages over the next 10 years by at least a 2:1 margin. When I say too expensive, it might just be ridiculously inexpensive by most standards.
Our default reflex is that the world knows what it is doing, and that is extravagant nonsense, -Jeremy Grantham
LNDT – too expensive but should triple $3.63
CFSG – too expensive $7.24
HRBN – too expensive $17.62
CBPO – too expensive $10.38
NEP – too expensive $6.91
YONG – too expensive $8.14
CHRM – too expensive $9.57
CXDC – P/E of 7, growth, $5.66 — still too expensive for me
SGZH – nah
CLGZ – no
KUN – no
DHRM – small and cheap
amcf – outof my price range
cil – could be cheap
wemu – 81 cents a share in earnings, not cheap enough at $4
Barron’s also singled out Frazer Frost in their infamous “Beware…” article and I would not be surprised if Alpert will follow-up on the RINO story in this weekend’s edition.
CADC China ACM – too expensive $4.47
CBPO China Biologic Products – too expensive $10.38
CFSG China Fire & Security – out of my price range $7
CHNG China Natural Gas – too expensive $5.10
CVVT China Valves Technology – too expensive, got murdered though, $8.93
FSIN Fushi Copperweld – out of my price range p/e of around 6?
GSI General Steel Holdings -growth in revenues, but not in bottom line, lol no
HRBN Harbin Electric – out of my price range
JGBO Jiangbo Pharmaceuticals – out of my price range
PFGY Perfectenergy International – could be hit or miss 10 bagger… no clue.
PUDA Puda Coal – it’s in the double digits now..
RINO RINO International – nah
SCOK SinoCoking Coal – nah
SKBI Skystar Bio-Pharmaceutical – yeah, so why did i sell some the other day, i’m outta my mind
TBYH T-Bay Holdings – nah
PSOF – nah
LNDT – nah
HC International List
Stocks in This Issue:
CLEANTECH/CLEAN ENERGY:
China Green Material Technologies, Inc. (OTCQB: CAGM) – nah
China Hydroelectric Corporation (NYSE: CHC) – nah
China Integrated Energy (NASDAQ: CBEH) – nah
China LianDi Clean Technology Engineering Ltd. (OCTQB: LNDT) – nah
Sino Clean Energy Inc. (NASDAQ: SCEI) – nah
CONSUMER & BUSINESS SERVICES:
ChinaCast Education Corporation (NASDAQ: CAST) – nah
China Linen Textile Industry Inc. (OTCQB: CTXIE) – maybe
ChinaNet Online Holdings, Inc. (NASDAQ: CNET) -nah
Subaye, Inc. (NASDAQ: SBAY) – yuh
CONSUMER – FOOD/RETAIL:
American Lorain Corporation (AMEX: ALN) – hmm maybe? my eps estimate is .76?
China Marine Food Group Limited (AMEX: CMFO) – bleh
Emerald Dairy, Inc. (OTCQB: EMDY) – huh?
SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) – nah
Tianli Agritech (NASDAQ: OINK) – nah
CONSUMER – OTHER:
China Redstone Group (OTCQB: CGPI) – yuh
ENERGY:
China Energy Corporation (OTCQB: CHGY) – dunno maybe
Keyuan Petrochemicals, Inc. (NASDAQ: KEYP) – 50M shares. .71 eps. lph is better
HEALTHCARE/PHARMACEUTICAL:
Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM) – sure
Winner Medical (NASDAQ: WWIN) – blah
INDUSTRIAL:
China Rutai (OTCQB: CRUI) – bad balance sheet i think?
China TMK Battery Systems, Inc. (OTCQB : DFEL) – blah
New Energy Systems Group (AMEX: NEWN) – sure?
TELECOMMUNICATIONS/WIRELESS/ELECTRONICS:
SinoHub, Inc. (AMEX: SIHI) – dunnno, seems that some people out there like it
Telestone Technologies (NASDAQ: TSTC) – baller status
Anyone follow SGTLF? – eps .77, bid/ask is at like $4 and $8.. nah
GDHI – pinky winky
HRBN: If people want what I’d call a “low risk” trade, consider selling Harbin Dec 2010 puts at the 17.5 strike price for around $2. You make a nice chunk of change for a month’s commitment to buy at $15.5.
Keep in mind, even BEFORE this buyout thing appeared, the stock has traded above $15.5 for a year.
I’ve sold a bunch.
-Fernando
They have warrants too
http://geoinvesting.com/companies/sgtlf_sgoco_technology__ltd_/research/comments_business_outlook/0027239
FKWL- no rally since earnings day — probably a great deal
This one has been very frustrating. No rally since earnings day and still only a 2.8 PE fully taxed going forward, despite the most blowout qtr I could have imagined. I wonder what the sellers know or think they know. Wade
CFOS (0.111) – New Chinese merger. PE of approx 2 for $41.8M market cap
FY 2010. $0.06/share eps FY 2010?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7513709
We expect to finance our projected capital expenditures mainly by the net proceeds from future offerings after the reverse merger and cash generated from operating activities.
GRoss
377 million OS shares FD.
Market cap $57 million. They have $28 million in cash.
Earned $22 million in 2009 on sales of $64.5 million.
(approx .06 per share)
>> Six months ended June 30, 2010 compared to six months ended June 30, 2009
Our sales increased by 27.2% from $22.8 million in 2009 to $29.0 million in 2010 as a result of our effort in promoting our Wei Bao and Jiabao brands and an increase in our selling prices. We were able to accommodate the increased volume by leasing a 20,000 metric ton production facility in Gansu that was only utilized at approximately 66% of its capacity in 2009 and fully utilized during the first six months of 2010. These factors have contributed to our increase in sales volume of 8.5% from 35,666 metric tons in 2009 to 38,715 metric tons in 2010.<<
Net income for the Six months ended June 30, 2010
was $9.6 million. In the Six months ended June 30, 2009
net income was $7 million.
About the company (Waibo):
We are a leading PRC producer of high quality potato starch, a value added and functional ingredient in many different types of packaged and processed foods. Our corporate headquarters are in Hong Kong and our operational headquarters are in Kunming city, Yunnan province. Our factories are in Yunnan, Guizhou and Gansu provinces in China. Our potato starch is sold under the “Wei Bao” and “Jiabao” brands and we believe that our products are well known for their consistency, purity, quality and white color.
Potato starch is a functional food additive, offering strong adhesion without chemicals. Potato starch is also a cost effective thickener, which does not interfere with taste. In addition, our premium potato starch is white in color and thus can be added to many foods without affecting product color. Our potato starch is used by makers of noodles, instant noodles, dumplings, fishballs, shrimp balls, meatballs, and many other mainstream Chinese foods.
We believe that we are among the top five makers of premium native potato starch in the PRC and that our manufacturing presence in Yunnan, Guizhou and Gansu makes us the single largest producer in these provinces. Our current overall production capacity is 111,500 metric tons per year. Our native potato starch has consistently received the government’s highest rating, which affords it a premium price in the PRC market place. We sell our products to distributors and food processing companies. In 2009 we sold to more than 50 customers, with only one customer comprising more than 5% of our annual total sales.
PSOF - Pansoft Announces Unaudited Fiscal First Quarter 2011 Financial Results
Revenues and EPS Increase 59% and 44% Year-Over-Year
JINAN, CHINA -- (MARKET WIRE) -- 11/16/10 -- Pansoft Company Limited (PSOF:$5.00,00$0.01,000.20%) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced unaudited financial results for the fiscal first quarter ended September 30, 2010.
Highlights for the Fiscal First Quarter of 2011:
Revenues were $3.5 million, an increase of 59.0% compared to $2.2 million for the three months ended September 30, 2009
Gross profit was $1.7 million, an increase of 45.6% compared to $1.2 million in the year-ago period
Gross margin was 48.9%, compared to 53.4% in the year-ago period
Operating profit was $1.1 million, an increase of 55.2% compared to $0.7 million in the year-ago period
Net income was $1.0 million, an increase of 44.3% compared to $0.7 million in the year-ago period
Diluted earnings per share were $0.18, an increase of 43.6% compared to $0.13 in the year-ago period
NG - interesting gold stock, if you're thinking of buying gold, this is probably better, soros and marc faber and paulson are involved
bfti - yes
cuig - p/e of 10 right now, 20 million shares, $5M net income = .25 EPS but 2012 suggests 40million net income
CGDA - no
COFI - no
sgla - no idea
kone - too small for me
CTXIF / CHCG - just noticed I got some lowball .81 bids partially filled today. Also got some more .26 CHCG's today, although not many. Still on the bid for both stocks. Been on the bid for 2 weeks now.
yyin - preferred placement at $0.98, 41M shares outstanding FD, 20M NI make good for 2011,2012
cnvp - no idea? maybe? dont understand the business
awrcf - also no idea
cpdu - no
akrk - cant say yes now.
bwow - yes
cbeh - no
cihd - nah
csgj - sure but not the best
txic - yess
cclwf - yes
bspm - kinda
ltus - yes
ckgt - dilution?
CREQF - no .02 eps p/e > 10
agso – no