Zoom Technologies, Inc. (NASDAQ:ZOOM)
The Company designs, produces, markets, sells, and supports broadband and dial-up modems, Voice over Internet Protocol products and services, and other communication-related products.
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Chinese reverse merger fraud.
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Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
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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).
Zoom Technologies, Inc. went public via a reverse merger in 2009. The company is based in China.
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Cheap-looking China small-cap
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This little longshot along with several others ,has been head to head lately with an ugly chinese bear over the last couple of years and looks to be one of several that's chasing him back to the cave. Simple, but perfect well run business model for growth on domestic china's massive population. CEO holding 5mil. and institutions were eating it up until that bear got to hard to handle,and shares followed suite.Took it's share of hits late 09 and early 2010,but looks to be getting back on track and was showing solid revenue and earnings growth before that. book value around 3.10 revenue around 24.00 ROE around 32% Around 43% 5 year sales growth.Grabbed a little of that cheap dept china was throwing around to fuel future growth. Volatility Could ZOOM from these levels.
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The stock has settled after jumping due to the order hike. I expect it will go back up so I am playing on the drop.
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