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IBDvalueinvestin (99.59)

Wow CHBT Crashing Hard down almost -$5/shr

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June 29, 2009 – Comments (3)

Shocking how its gone from $16+ on more than 1 Million volume to crashing nearly -$5 to $11+ on 1/10 the volume at 100k volume. Major BS going on by MM's stealing people's money. 

 

CHBT net income was $14.1 million, which was 29.9% above our net income of $10.9 million for the fiscal year ended March 31, 2007. Our growth in net income primarily resulted from growth in our sales volume of our products. Shining Essence continued to be our best selling product. We have enjoyed strong growth in demands for many products such as Shining Golden Shield and Shining Energy which outpaced that of Shining Essence. In addition, new product sales now account for 13.6% of our sales revenue during the year ended March 31, 2008 (1.9% in the year ended March 31, 2007). As a result, the percentage of sales revenue attributable to Shining Essence has been diluted to only 48% of our total sales revenue in the year ended March 31, 2008 (61% in the year ended March 31, 2007).

 

 

3 Comments – Post Your Own

#1) On June 29, 2009 at 12:04 PM, IBDvalueinvestin (99.59) wrote:

CHBT earned .22 eps last qtr alone or $5.67M in net profits.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6493069-11454-14750&type=sect&dcn=0001144204-09-015354

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#2) On June 29, 2009 at 12:30 PM, IBDvalueinvestin (99.59) wrote:

Remember if 123k volume can send CHBT down almost $5/shr

The same volume the next day could send it the opposite direction.

This one is a roller coaster and if you don't have nerves of steel you should not buy or short. This knife has sharp edges on both sides.

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#3) On June 29, 2009 at 12:32 PM, 119862913 wrote:

Russell rebalancing itself. Went from $10.50 on Friday to $16 @ close. A wonder it's still @ $13.

They are increasing production capacity by 12.5 times and have signed 11 new customers to absorb the extra capacity. Also plan to open 300 new retail stores in 2010 (have 100 or so presently). 90% of present sales go to bulk distributors though.

Saw an advertisement yesterday for a probiotic product here in the US during the evening news. Gave me a warm and fuzzy feeling inside.

MW

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