Reading Time: < 1 minute I read this from Netease: Perfect World, a Chinese online game co., will debut in Nasdaq under ticker symbol PWRD tomorrow July 27. Here is the prospectus from SEC. The company was not profitable in 2005, and 2006, but it turned corner in Q1 2007. It seems other Chinese online game companies are also coming
Reading Time: < 1 minute I need to listen to the following calls because I hold those stocks. Today: CROX, I don’t want to speculate on this one…too much buzz lately. Next week 07/31: SNIC, have no idea. 08/01: SBUX, the expecation is more reasonable this time, I don’t expect block buster quarter but I think they should be OK
Reading Time: < 1 minute Yeah, I know it’s risky, because I’ve been there. But I’m not insane. I think the recent sell off is a bit over done, at least from my store checking: Dick’s Sporting Goods, Finish Line and Sports Authority are displaying new Heelys for “back to school” season. I assume those guys don’t just put there
Reading Time: 2 minutes It’s the Chinese Yuan (CNY), or Ren Ming Bi (people’s money). In early march, when I was in Shanghai, one USD is worth 7.72 Yuan, now it’s about 7.56 Yuan, a loss of about 2% in about 4 months. It appears this trend is not going to stop for a while. This is scary if
Reading Time: < 1 minute in its fiscal Q4 2007 earning. The analysts were expecting 1 cent, while EDU reports loss of 4 cents. Ouch, that’s even worse than last week’s Google’s miss (3 cents). Seriously, I don’t think missing a few pennies is not big deal for long term investors. But the reason behind the miss is more important.
Reading Time: < 1 minute MR closed above HMIN the first time since its IPO last Sept. MR closed at 30.89, while HMIN closed at 30.81. This comparison is mostly for fun. But seriously I do think HMIN is increasing under competitive pressure in China. Here is another hotel chain, Hanting Hotels, founded by Ji Qi, the co-founder of Ctrip
Reading Time: < 1 minute Today I saw in the news that Opsware (OPSW) is bought out by HP. Interestingly, OPSW is one of the first stocks I bought in my Scottrade account. The reason I bought it is simple: it’s being mentioned in the Kiplinger Personal Finance magazine, and its founder and CEO Marc Andreessen is the developer and
Reading Time: 2 minutes Among Chinese CEOs, I think Wang Shi is real good. I read his book “Road and Dream” lately. Very impressive. Consider what he and his team has done in last 20 years: from nowhere to No. 1 residential real estate developer in China; more importantly, they create a “Vanke” community, the kind of community Chinese
Reading Time: < 1 minute Yesterday Dow Industrial closed above 14,000 the first time in history. Many people, bulls, bears, analysts, CEOs, ordinary workers,…all get excited about this. Many US workers have 401k plan, and I bet some of that is invested stocks (indirectly through Mutual Fund). But Dow Industrial is NOT a good indicator of the overall stock market.
Reading Time: < 1 minute Heelys sold 5.1 million pairs of its walk/skate shoes in the US during 2006. Note in the US there are about 36 million kids between age of 6 to 14, Heelys’ core customer. In other words, every one out of 7 kids in the US got a pair of Heelys, which sells from $49.99. The
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