Acorn International, Inc. (ATV)
An integrated multi-platform marketing company in China, which develops, promotes and sells consumer products and services.
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recent downturn is a good buying opportunity. Apparently Mr. Market forgot the $8 price target placed on the company a month ago, and the strong earnings this year.
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This company is rapidly becoming like the Home Shopping Network of China. Over 1,300,000,000 potential customers. Company sales rebounded in the first half of this year as the Chinese government helped the economy with their massive stimulus plan. Price to Book 0.55. Stock price broke through the $4.90 resistance level yesterday. I think it’s headed higher.
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Has $4.80 in cash per share on the books.
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I found this Chinese multi-platform direct to consumer marketing company based on Anticitrade's recent liquidation analysis. This company possesses approximately $2.00 per share in net cash and is trading at 0.6 times book value.
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Fundamentals look good, may move money into this stock int he next month or so.
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Negative enterprise value
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china stock
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Cash is king $5.04 cash per share. Current price is $5.56.
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Potential upside rankings on www.cnanalyst.com with 266%
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I hate this stock, but I am giving them 2 more qurters to try and do something. If they can do anything during the Olympics when all of China will have their eyes glued to the TV, then I am out....
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niche market. great earnings growth potential.

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