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This is a play on the growing Chinese consumer and growing disposable income. Unlike some industries (e.g., telecom, railroad) there is unlikely to be much unexpected regulation from the government. Additionally, they are growing store count rapidly and are the fast food leader in their home region of China. Carefully they are expanding to other parts of China.
The volume is picking up, does anyone know why. I read good things on the yahoo BDs but who are those people? I am way under water on this one. If sales are indeed picking up even while the economy in China is slowing down then this will become a real winner for me.
Concerns regarding macro-economic conditions in China have provided a great entry point near its all-time low for a stock that has the potential to be an incredible growth story. At a market cap of just $165 m with only 12% institutional ownership, this stock has real ten-bagger potential. Given the amount the company has been expanding its operations, it is not altogether surprising that it's not making money, but that will soon change.
more and more chinese has extra spending money now that their economy is going up.
Business model show patient growth. Already proven to be almost double the price recently.
love it. mcdonalds of china
Despite recent blowups of Chinese stocks, I believe Country Style Cooking is a good company with low fraud risk. They are investing in their business and have solid growth potential.
This stock could do as well as YUM brands in China. It already has a huge following and is improveing its core bussiness to be more profitable. Also adding more and more stores and increaseing its customer base. One of the few promising long term holds in China right now.
Great customer attraction, low costs and still healthy gross margins; good opportunities for growth and reasonable valuation.
Well priced considering growth potential.
Lots of room for growth, and the MF team visit had a lot of very positive things to say about the company and the restaurants themselves.
Taking a gamble, company has potential to grow in the emerging chinese market and it is currently trading near 52 week low
This is a small/mid cap high growth stock that should outperform the S&P during the bull market.
It's time. IPO price.
China continues to grow economically and more people will be eating out. Plus, with their population, growth potential is awsome.
Another Chinese small cap, this time not an RTO and an expanding restaurant chain. Looks expensive but based on the limited operating history available may actually be good value. Will need to perform well though, to justify the current price. I believe they will, hence the green thumb.
McDonalds of china.
As the Chinese workforce become more middle class the average Chinese home will have two or more working adults leaving less time for home prepared meals. Given the price point of CCSC menus and quality of the final product it becomes more cost effective to eat out than prepare ones own meals. Remember the hidden costs besides just food. There is also time and fuel. This could also be a two edge sword as increasing costs of food an energy may be a challenge for all food and beverage operations...YUM brands included.
I would not say that this is really undervalued at all, simply that it is close to being fairly valued. I believe that I have eaten there, but that is a different story... as it does not help my thesis and there is no accounting for taste. Profit from last quarter was 3.4 million USD. Depreciation was .9 million USD. If we choose not to consider depreciation, then the P = 4.3 * 4 = 17.2 millionUSD/year. 550 millUSD/ 17.2 = 32 = P/E. The YoY growth was between 24% and 47%. Assuming a growth of 30% and a PEG of nearly one, I would argue that CCSC is not greatly overvalued, as many people, including myself, have suggested in the past. Cons:Margins decreased by a lot: ~20% to 12%.A lot of the growth was financed by issuing stock. Fine, but I am sure it is going to happen again, and if not, they may not grow 30% a year. So lets say that they make 15 million every year to fund growth. How much did they bring in from the IPO? Seriously. Does anyone know?
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