Qiao Xing Mobile Communication Co., Ltd. (QXM)

as the chinese adapt more high techn, people will buy more phones.

Current Assets - Total Liabilities = $8.04 per share. At a price of $4.50 per share, you're actually being paid $3.54 to accept ownership of the firm's fixed assets and business model, which isn't a bad one.

Trading less than cash assets (by my estimates). Good contra-dollar play.

I guess I'll go on record here as the second all-star to out of 244 to downthumb this piece of junk. Of course it will no doubt prove me wrong, and of course, the last week, my all-star status is in dire straights, but I'll get my dig in now as at least one vote not drinking the kool-aide. Other All-stars give a thumbs up and cite the low P/E, growth in China, and great numbers this company is putting out. Are we looking at the same numbers? I can tell you the P/E as reported by the CAPs data is not very accurate in short term statistics, which is all we have in this fast moving market. I prefer the foward P/E. Second, how can be excited about a company, low P/E or not when:
1. You report your earnings on average THREE+ months late and
2. You report earnings down 24%, margins down from 31% to 18%, and EPS per share is $0.01 down from $0.20 a year ago. What's the P/E???
Growth is DOWN, reports are late, and this is undervalued? The million share volume spike today may mean something, but it also may mean some new bagholders are getting sucked in.

All my picks are real money picks.

Trading below book value; low P/E, some rumors floating around holding the share price down. I think this one has lots of room to run.

Tons of cash...no debt.

Phones will be BIG in China if they get a decent-sized middle class.

If the numbers are honest, this is a screaming buy! also look at XING

5 star, making money, good upside

Low P/E, good earnings. Pressure from competition makes this stock a gamble pick.

The p/e, sales, historical price and product combine for a rise.

VEVA LE PHONE! $300 gold plated cell phones in China. Who could ask for more?

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streetflame - http://caps.fool.com/player/streetflame.aspx

All in the numbers
This company intrigues me and I decided to add this to my real portfolio now with a P/E of only 2.6. I have been looking at the numbers all day and from what I can tell, everything looks great. Not being satisfied with just great numbers, I am trying to figure out why the price and P/E are so low.

Digging Deeper
I decide to look at the Chinese websites for the CECT brand phones and VEVA brand phones. Even though I do not understand Chinese, the websites look very well put together and the advertisements and commercials do them justice. Hmm, so what is going on, then I see that they have recruited Zhang Ziyi to be their spokesperson and she is in all the advertisements…this is good.

Ziyi who
Zhang Ziyi is an actor that has made international acclaim lately from China and starts in movies such as Rush Hour 2, Memoirs of a Geisha, Crouching Tiger Hidden Dragon, among a few other movies. Therefore, there is strong advertising to have this lady advertising for them, the ads and commercials are nice, and the Veva brand has phones that are on the high end.

Concern
After digging through the message boards, there is a lot of hate for the chairman of the company. I do not know how much is warranted or not. There is talk of the parent company having to reissue prior year figures. I can not find much on this except in the message boards and do not know if there is anything like this happening with QXM, only the parent company (different stock) seems to have something going on there, but some cause for concern.

Buyback?
There is also some news and talk of QXM doing a stock buyback. At these prices, I do not blame them and they should be buying back the stock. Especially seeming they appear to have a lot of cash on hand and very minimal debt.

Foolish opinion
Well from everything I have learned, I feel this is a great buy and with the little concern to watch for I think the risk reward is in my favor, so let us see if my buy plays out!

MFI following, all have negative Fool ratios but impressive 3 month gains

Price/Book Value <= 0.85
P/E Ratio: Current <= 5
P/E Ratio: Current >= 0.01
Price/Book Value >= 0.01
Debt to Equity Ratio <= 0.5
Return on Equity >= 0
Return on Assets >= 0
Market Capitalization >= 100M
Last Price >= 1.5

Outstanding fundamentals. Booming microcap with low P/E, price/book, and high EPS growth.

Anticitrade experiment: proj $8.49 upside
52 week $1.32-$7.70