The New Sunday Write-Up

[billyjoe]

Ski,
I convinced myself and bought Monday morning after the writeup , Runner waited a couple days and had an almost perfect entry. I'm up over 10% and pondering the next move.

billyjoe

[skiracer]

Billyjoe,
Nice play. I guess you're in around 20.75/21 area. Protect those gains. You could take half off the table and place a stop at around 22 area and watch what happens or leave it all in there an bring a trailing stop up around $22.50 and watch what happens tomorrow. That way the most you could give back would be .59 and still take gains of around 1.75. It looked like it was giving a channel short signal today which would be a normal consolidation after some decent gains so take that into consideration.
I think the markets are getting ready to turn up. Today was a good day with the bulls taking back control after lunch to recoup some of the early am loss an get back near even in the pm which was good for the bull camp. It's a fundamentally strong stock an I would hold on but would definitely devise a plan to protect a good portion of your gains. Even if you were to get stopped out you'll still feel better with the money than giving it back and wondering why did I do that.

[billyjoe]

Mr.Market members,
I don't believe I can legally comment on any attractive stocks anymore. A certain investment site which I subscribe to and another 2 week free trial site associated with them states that the user cannot distribute the names of any stocks to others whether or not for payment or other consideration, and may not modify , copy , frame , reproduce , sell , publish , transmit , display , or otherwise use or revise any portion of information on these stocks. Failure to comply in full may result in legal action against the offending individuals.
This means I can only talk about the worst stocks , not being mentioned as being attractive or rated between 1 - 99 on any strength scales.

Well , how's the weather in your town today ? Can't think of anything else to post here.


billyjoe

[IIC]

Mr.Market members,
I don't believe I can legally comment on any attractive stocks anymore. A certain investment site which I subscribe to and another 2 week free trial site associated with them states that the user cannot distribute the names of any stocks to others whether or not for payment or other consideration, and may not modify , copy , frame , reproduce , sell , publish , transmit , display , or otherwise use or revise any portion of information on these stocks. Failure to comply in full may result in legal action against the offending individuals.
This means I can only talk about the worst stocks , not being mentioned as being attractive or rated between 1 - 99 on any strength scales.

Well , how's the weather in your town today ? Can't think of anything else to post here.


billyjoe

Let me guess...Does the site start with an 'S'???

[billyjoe]

IIC,
I cannot mention the name. If I did it would result in legal action being taken against myself as a offending individual. It's about 50 degrees and sunny here right now. How about them Lakers ?

billyjoe

[IIC]

IIC,
I cannot mention the name. If I did it would result in legal action being taken against myself as a offending individual. It's about 50 degrees and sunny here right now. How about them Lakers ?

billyjoe

Well...I won't press you...but if those guys think their pix are not publicized they are living in "La La" land.

[Websman]

IIC,
I cannot mention the name. If I did it would result in legal action being taken against myself as a offending individual. It's about 50 degrees and sunny here right now. How about them Lakers ?

billyjoe

You ain't talking about the same guys that sent me a nastygram a couple months ago, are you Billyjoe??? If so, I have but one thing to say. They suck!!!

By the way, the weather is sunny and in the 70's here today. How about you?

[skiracer]

Mr.Market members,
I don't believe I can legally comment on any attractive stocks anymore. A certain investment site which I subscribe to and another 2 week free trial site associated with them states that the user cannot distribute the names of any stocks to others whether or not for payment or other consideration, and may not modify , copy , frame , reproduce , sell , publish , transmit , display , or otherwise use or revise any portion of information on these stocks. Failure to comply in full may result in legal action against the offending individuals.
This means I can only talk about the worst stocks , not being mentioned as being attractive or rated between 1 - 99 on any strength scales.

Well , how's the weather in your town today ? Can't think of anything else to post here.


billyjoe

Billyjoe,
The only way they have a leg to stand on is that if you were to mention the specific name of the company that you are subscribing to and then to say I got this pick from them. There is no way they can tell where you got the name of the stock if you don't exactly state where it came from and post their exact words on it. Those are scare tactics used to intimidate people but it's bullshit and you should tell them to shove it. There is no way they can prove where you came up with the name of the stock much less know where you mentioned it.

[billyjoe]

Ski,
You're right , it is a bunch of b.s. , where does anyone get their information it can't be controlled . I'm working on a new writeup and those unnamed guys can go jump in the lake.

billyjoe

[Runner]

Yea, tell them to pound sand billyjoe..

[New-born baby]

Yup

Ski,
You're right , it is a bunch of b.s. , where does anyone get their information it can't be controlled . I'm working on a new writeup and those unnamed guys can go jump in the lake.

billyjoe

Especially since what you are doing is taking their buy recommends and telling folks to short 'em.

[billyjoe]

I'm Baaack with the Halloween version of :

The New Sunday Write - Up ,

NWD , The New Dragon Asia Corp. mills , sells , and distributes wheat flower , instant noodles , soybean products , and dried seasonings to both retail and wholesale customers in China and the Far East. The dried seasonings must taste better than they look in photos on the company website.

New Dragon has 200 distributers in 27 Chinese provinces. They have the capacity to process 110,000 tons of flour and 1.1 billion packets of instant noodles annually. They sell snak and cup noodles for outside eating. Their "Long Feng" brand is famous in Northern China. Based in Shenzhen, China , they export to Korea , Australia , Malaysia , Indonesia , and Inner Mongolia.
Two of it's four senior officers are women. Chairman is Heng Jing Lu , CEO , Ms. Xia Wang Li , CFO , Peter Mak , VP , Ms. Wang Ling. Their compensation is not published.
They have 3 factories. Beijing (720 employees) , Yantai (890 employees) and Penglai (unknown number). Factories are in eastern central China.
The Chinese flour market is a 40 billion dollar business growing at a 10% rate each year. Instant noodles bring in 5 billion per year and are increasing in sales 20% yearly. China is the worlds largest consumer of instant noodles at 27.7 billion packages yearly , 42.5% of total consumption.
New Dragon Asia Corp. is buying regional brands in attempts to dominate the fragmented Chinese market.
At the end of July 2005, New Dragon received an order from Coca Cola China for 13.2 tons of soybean protein powder. The company website said they were chosen after extensive investigation for cleanliness and production capacity. Coca Cola did not disclose their intended use for the soybean powder , but it makes the mouth water just imagining the delicious beverage. New Dragon recently purchased a state owned soybean processing plant giving them the capacity to produce 2000 tons of soybean protein powder annually. Most is intended to supply future Coca Cola orders.

I found a 64 page report on noodles and the Chinese economy , but, unfortunately will not include it at this time.
For you technical guys, NWD's one year chart looks like a high flag with the flag flying for 2 1/2 months. What does that mean ?
The one analyst following NWD rates it a strong buy.

I wish my wife would have made me a bowl of "Long Feng" noodles instead of her explosive navy bean chile that's still haunting me after 21 hours.


Symbol NWD ASE

IPO 1999 at 10.00

Current Price 1.92

52 week range .61/3.14

P/E 16.27

Forward P/E 14.77

Earnings per share .12 forecast to increase 40% in '06

Market cap 86.52 mill

Daily Vol. Ave. 634,000

R.O.E. 18.70

Beta .81

50 DMA 2.15

200 DMA 1.23

shares short .9%

institutional ownership approx 1%

employees 1610 at 2 factories unknown number at Penglai noodle factory

Quarterly earnings growth (yoy) 80.30%

52 week price appreciation 208%

sales 40.6 million

6 month income +77.9%

sales increase +8.3%

Working capital March '04 1.8mill. March '05 8.2mill. June '05 10.4mill.

Interesting fact Mailing address in Shenzhen , China has zipcode 00000

Hoovers claims that New Dragon Asia Corp. owns 78% of all outstanding shares . Cannot be verified through other sources.

Perhaps due to language difficulties , numbers sometimes conflict on various sites in case my figures don't match those you may find.

billyjoe

[Runner]

Billyjoe, not sure on the flag, but I was thinking it might be setting up in a descending triangle on a weekly chart. Last 4 weeks has found some support near lower trend line. Nice write up. I think this one crossed my scans awhile back ago.

[billyjoe]

IRIS earnings tomorrow at 11:00 AM . Good time for earnings. Can't get burned by after hours report , put in stop in case of bad report . Should gain 10% even if stock drops. All companies should be required to report during regular hours , it takes the advantage away from the elite.


billyjoe

[Runner]

Awesome pick thanks for posting IRIS.