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Pete, thanks for that nice AOB write-up. You make a persuasive case for the bullish side. Makes me wonder what the folks in the bearish camp are saying, if anything.
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—Rob -
Rob Thanx for the comments!
Rob many people fear the Chinese communist government and what it may do ; but ,I think the current Chinese regime loves the American Style Capitalism , and frankly I dont think they will ever return to the Mao Tse Tung philosophy and the feudal past !Originally posted by Rob View Post
Making a case for the BEARS would be analagous to gingerly jumping on the on the tracks trying to stop a speeding freight train , or Playing Polish Roulette , 5 live in the chamber and 1 blank , needless to say neither of these are safe for your health ...or your portfolio LOLLast edited by Peter Hansen; 05-08-2007, 11:01 AM.Comment
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Aob Up On Favorable Quarterly Results!
See my writeup for AOB above. The quarterly results were great , and the CEO is predicting more of the same to come in the future!
NEW YORK, May 7 /PRNewswire-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products, today announced financial results for the first quarter of 2007.
Revenues for the first quarter of 2007 increased 34.8% to $25.7 million from $19.1 million in the first quarter of 2006. This increase reflects $6.4 million in revenue from the Company's Jinji product portfolio, as well as year over year growth in the Company's core PBP and PBN products. Revenue from PBP products increased 52.4% to $18.6 million from $12.2 million in the prior year's first quarter, driven primarily by the Jinji products series, including the Company's newly launched Yi Mu Cao product for the relief of pre-menstrual symptoms, and by the Cease Enuresis Patch. Revenue from PBN products increased 3.7% to $7.2 million from $6.9 million from the first quarter of 2006, due to increased demand for the Company's soy peptide products.
Gross profit in the first quarter of 2007 increased 44.1% to $17.7 million from $12.3 million in the first quarter of 2006. Gross profit margin increased 440 basis points to a record 68.8% from 64.4% in the prior year's period. The increase in gross profit was a result of increased sales of PBP products, which carry higher margins and improved operating efficiencies across both business segments.
Operating expenses in the first quarter increased 65.8% to $9.8 million compared to $5.9 million in the prior year period. This increase was a result of additional expenses related to GLP that was not associated with the company in the prior year period, as well as increased marketing and advertising expenses related to the Company's efforts to increase market awareness of its brands and products. Operating income for the first quarter increased 24.0% to $7.9 million from $6.4 million in the first quarter of 2006. Operating profit as a percent of sales in the first quarter decreased 260 basis points to 30.8% compared to 33.4% in the prior year period.
Net Income for the first quarter of 2007 increased 31.1% to $6.4 million, or $0.10 per diluted share, compared to $4.9 million, or $0.08 per diluted share, in the prior year period.
Mr. Tony Liu, Chairman and Chief Executive Officer of American Oriental Bioengineering commented, "We are pleased to report another quarter of continued growth in our business. Our major plant-based pharmaceutical and nutraceutical categories contributed to our revenue growth in the first quarter with the biggest contribution coming from our over the counter (OTC) products. Our newly launched Jinji Yi Mu Cau product contributed to our results in the quarter and we are satisfied with the momentum of this product as we move into the second quarter. We continued to effectively manage our operating costs and sourcing efficiencies and were pleased to see stable pricing for our leading products, all of which resulted in record gross margin."Comment
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I used to own AOB. I may have to buy it back...Comment
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The bad news - I didn't get the drop I needed to buy more shares
The good news - GOFH climbed 9% today.
I'll be looking for any further buying opportunities.Comment
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Looking good. Anyone joined me yet?Comment
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AAUK & Diamonds Are Forever !
Anglo American (AAUK) close 5/11/07 $29.02 holds investments in gold, platinum, diamonds, uranium, coal and other mineral mining companies is South Africa, Brazil and the US ; invests in industrial, commercial, finance, and insurance companies and small businesses. Definitely a Warren Buffet Type Company, and rumors are that, he may buy the company!
Diamonds are a girl's best friend, and in Shanghai , 8 out of 10 brides receive a diamond for their wedding. Debeers's stockpile of diamonds is depleting fast and they are investing heavily to find more diamonds , especially in Canada. AAUK owns 45% of Debeers , and Debeers produces half of the world's supply of diamonds, but this only represents a SMALL percentage of AAUK's portfolio. AAUK dominates the platinum market with 40% of the world's platinum product. That also only represents a small percentage of the AAUK portfolio. The largest contributor to AAUK's earnings is its base metals operation which consists of Copper , Nickel, and Zinc.
Needless to say AAUK is HUGE! It has a market cap close to 87 BILLION and it earned 10 Billion in profits before tax in 2006. Vector Vest says it is UNDERVALUED as of its 5/11/07 close price of $29.02 and should be worth $38.52 per share . They have a 1-3 years earnings growth rate of 21% a PE of 18.42 and an Earnings yield of 5.40. AAUK is definitely one powerhouse you want in your portfolio, and is a good stock to buy for your children .Last edited by Peter Hansen; 05-12-2007, 09:43 AM.Comment
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DFC (Down But Not Out)
DFC ( Delta Finance Corporation ) close $10.97 on 5/11/07 , originates acquires, sells and services home equity loans and it does so concentrating on borrowers with sub standard credit . This may appear to be a problem ; however close to 90% of all its loans made in 2006 were fixed rate loans, and not the adjustable rate loans that sunk many of its competitors into bankruptcy.
Most of those companies were located in and around California. DFC is headquartered in NY , and most of its home equity loans are made to customers in the NY, NJ, PA area.
DFC has a float of approximately 24,000,000 shares with management holding about 1/3 , another third is held by institutions and the remaining 8 million shares is left to the public. Of that 8 million , about 3.2 million is held by the SHORT crowd. Short sellers began to pile in after the housing market loan collapse. With very limited shares left, any price increase in DFC shares will result in a massive short squeeze , with the shorts heading for the exists faster than a loose bowel movement after Exlax.
Vector Vest says DFC has a current value of $14.79 per share and is UNDERVALUED as compared to its 5/11/07 close price of $10.97. It has a forecasted 1-3 yr earnings Growth Rate of 18%, with a PE of 8.07 and an Earnings Yield of a HIGH 12.40. Sales growth over the last 12 months was 34%.
DFC is somewhat speculative, and not a sure shot , but I like it , and I'm throwing some money in on the LONG side!Comment
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Newborn,Originally posted by New-born baby View Post
As my technical advisor, do you still see $120? I've got an order to sell some @110 and it hit momentarily but didn't fill. I'm glad the 101 order 2 weeks ago wasn't filled.
-------------billyjoeComment
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IVANHOE (IVN) Interesting!
Ivanhoe Mines IVN close 5/11/07 $11.90 , has a market cap of 3.994 Billion and is a Canadian company engaged in the acquisition, exploration and development of mineral resources .
Ivanhoe's main project is Oyu Tolgoi located in Mongolia. The story gets interesting because Oyu Tolgioi lays claim to the LARGEST unexploited gold and copper mine in the world., with an estimated 9 million ounces of gold and 11 billion tons of copper.
Mongolia has come out of the stone ages and recently moved towards a democratic and market oriented economy. Ivanhoe reached an agrement with Mr Market's old friend , Rio Tinto (RIO) and RIO has committed to invest 1.5 Billion, which will allow both companies to co-develop the mines on the property.
As they say, "follow the money", and I am certain RIO is not willing to invest 1.5 Billion on some rat hole. On April 10th of this year Rio and Ivanhoe reached an agreement with the government of Mongolia, but the deal still must be ratified by Rio Tinto , Ivanhoe and the Mongolian officials. God knows what side deals were made with the Mongolian officials , but I am sure they will soon be very wealthy men . Once the deal is finally sealed , IVN stock should show a major increase. Of course there is a possibility that the deal may collapse and take IVN along with it. A point to remember is that IVN is a company with massive resources, and has hooked up with one of the biggest players ( RIO ) on the planet for a partner.
Having said all that IVN is still a speculative stock , but it may be worth risking a few bucks for potentially massive gains.Comment
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AAPL just keeps bouncing off 110.
---------billyjoeComment
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AAPL is going to take a breather before moving higher.Originally posted by billyjoe View PostComment
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aapl
Approaching 110 again. You can do it ! Run baby,run.
----------billyjoeComment
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Sold 1/2 AAPL @110.44 for 24% gain.
-----------billyjoeComment
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