+ Watch FUQI
on My Watchlist
This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).Fuqi International, Inc. went public via a reverse merger in 2006. The company is based in China.
Balance sheet, balance sheet, balance sheet. Bring on the pinks I don't care. I'll pay 3.29 for a stock with $8 plus in cash and inventory all day long as long as they are profitable. Don't forget what that inventory is either, gold gold gold. Shorts are crazy and will get crushed on this stock. Better if we can get some 10-k's and 10-q's but they aren't lying about the cash in the bank, no one is that stupid.
Fuqi is a stock having a temporary pull back in price. It has started a turn around and should continue this trend to around $28.00. Of course, like most trends, the line will take slight dips at times. From now it should be fairly steady though.
Soon to be on the Pinks
Online jewelry just in time for the holidays.
Do you thing that Fuqi will come out with some figures on September 28th, 2010 like they are suppossed to. ?I would like to buy into this stock but perhaps I should wait. I think it'll drop 20 percent if they miss their latest SEC deadline. Then I'll buy in for real after that.What do you think ? Yes or no to their deadline ? I think over the long haul it is a good investment so was unsure as to put "under perform."Let me hear from some of you. Thanks.
I believe it's oversold I believe.
I have been bearish on this stock for a long time, ever since it took off. However the fundamentals are good at this price: the Chinese consumer and appreciating RMB. I always knew that something was wrong here; not that it was hard to see, but I like the insider ownership argument and I am willing to take a bet at this price.
One of my beaten down small cap China stocks with low PEG (also looking at debt, and inside ownership, ROE)(FUQI, CSR, CEU, UTA, CGA, DEER, HOGS)
This could really go either way, they had an earnings snafu and have failed to correct it over the course of several weeks. If they are unable to file by June 1st (as I understand it) they will likely be delisted from the NASDAQ in which case the stock will likely become worthless. Although it smells like fraud may be involved due to the lack of attempted corrections (or firing whoever was responsible), it is hard to believe that a company with insider ownership as substantial as this one would allow that to happen. The CEO alone has over $10 Million at stake here so they have every incentive to see what happens. In short, this is going to the moon or 0. Its anybody's guess.
Heavily beaten down due to faulty earnings reports, delisting warning, but problems are being corrected. The drop looks overdone to me. P/E is still low even if you dramatically reduce earnings.
low relative PE, good star & 2010 earnings. Bottom fishing week of 4/19
Over reaction on bad performance or accounting problems. Rebounding soon. But remember JADE ... it fell and never came back.
A steal under $12, sure to double. If it breaks below $9.50, all bets are off.
Depressed job market, debt laden consumers, rising tax burdens, corporate real estate, credit card defaults, and especially housing starts. The latter typically leads normal recoveries.
No accounting for taste; short term trade attempt - CAPS only
The accounting issue has confirmed Mr Market's fears about investing in China. I'm gonna follow the Buffett advice and get greedy on this one. I expect this will drop a bit more before rebounding slowly
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