NIVS INTELLIMEDIA....CHEAP, CHEAP, CHEAP!
Sometimes you just find the kind of stocks that really can give you some money....most of the time you look at the numbers and cant believe what you see, and a few years later the stocks going to the sky while the big players make some money and you dont.
NIVS INTELLIMEDIA (NIV) is just one of them.
At 2.6x times earnings, a guidance for the 2010 of 25 millions in earnings and a market value of 97 million this company is really a bargain.
The company shareholders equity is above 115 millions dollars, so now is below his book value and just 0.3x price to sales......
Beside that, the company sales grow at 89% last quarter and the earnings operational income grew at 70% percent in the six first months of 2010....
Earnings per share for the six months of 2010 were 0.27 usd, thats an increase of 71% over the 2009.
If still dont like that, the company just report that the new plant is operational this month, so in the next quarters we are going to see moreee growth on sales and earnings...
Some months ago, the company make a shares issue at 3.3 usd, and now it has 25 million in cash so its in a good financial condition,
Now the stock is trading at just 2.04 usd meanwhile the big players are getting in unnoticed in this stock...in the last months you can see big changes in the major holders, no insider is selling, no major holder is selling either, but about 4 million shares has been bought by institutional holders.....the herd is selling, the big player buying just like that...as always not everyone makes money in the market.
The consensus target price is 7 usd, so the upside potential is huge in this stock but it has been under the radar for quite some time
Is a very well managed company, their own brand is strengthening and now its a bigger revenue producer than the oem bussiness.
The last quarter is the best for their bussines and is getting closer....
This is the kind of stock to buy and let it sleep until it gets a real value, dont let it pass.