DEER in the Headlights
EDGAR Online(Fri, Dec 4)Deer Consumer Products, Inc. Signs US$29.3 Million Distribution Agreement with the Second Largest Consumer Electronics Retailer in China for 2010 Product Delivery PR Newswire(Fri, Dec 4)
Revenues of $26.54 million, an increase of 130% from Q3 in 2008 , Net income of $4.12 million, an increase of 168% from Q3 in 2008
DEER crashed today on 6M share offering but it needs the cash to expand operations , as you can see it recently signed a $29.3M deal with China's 2nd largest consumer electronics retailer. Growing internally is not a bad thing but the sellers of shares today in DEER will regret it soon enough. The good news is we can add shares today at a discount, so all news is not bad.