The Hunt Continues
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. 10 agso - no