Reading Time: < 1 minute Home Inns (Rujia, ticker symbol HMIN), which is due to IPO this week, is getting $ 1.0 billion orders for its $ 95 million listing (7.9 million shares in the range of $ 10 to 12, with over allocatement option of 1.185 million shares). See the article from Reuters here. Does anyone has the order vs.
Reading Time: 2 minutes It’s the earning season again. Many companies already came out with their 2006 Q3 (July to Sept) earnings. Some are good (Apple, eBay and Google), some are bad (Intel, Motorola and Yahoo). Some people are happy because they bought Google before the earning; some people are not because they bought Yahoo… I don’t know why
Reading Time: < 1 minute I saw this Chinese article about Home Inn and Jin Jiang. The author obviously did a good job here. For those who can not read Chinese, Jin Jiang Star is a competitor of Home Inn (Ru Jia). Jin Jiang Group started this economy hotel chain in 1997 (note Ru Jia started in 2002). From Home Inn’s F-1 Form, I
Reading Time: < 1 minute Jim Cramer mentioned Staples in his Mad Money program today. He is talking about Staples (SPLS) traded at a discount although it’s the best in the breed among office supplies companies (vs. Office Depot and Office Max) . A caller asked him the international growth prospect. Interestingly, I saw an advertisement board of Staples along Yan
Reading Time: < 1 minute I read the F-1 Form in the weekend. While I am not a financial analyst, I have the following comments. 1) Home Inns probablly has the best management or directors. Three of its directors, Neil Shen, James Liang, and Qi Ji are founders of Ctrip and have extensive experience on Investment, travel and IT industry. 2)
Reading Time: 3 minutes I’ve covered the “buying” in my last post. I want to add a little more about “buying” here and then jump into “selling”. I think the quality of the stock (a company business, especially the management and the moat) is more important than the price itself in the long term. For the managment of a
Reading Time: 3 minutes I started this “stock lesson” series because I want to write down some of the mistakes I made on the stock market in the past few years. I hope I can avoid making the same mistakes in the future; I also hope others can learn from my mistakes. OK, back to the subject. I have talked about
Reading Time: 2 minutes Set a realistic goal, e.g., 20% return in one year. Don’t get too carried away from other people’s success and try to emualte it without learning its risk. I have some hefty goals in the past two years. To be more exact, although I don’t have a number (for percentage gain), I know I have some wild expectations from time to
Reading Time: < 1 minute Bring the green backs and exchange it at Bank of China or other banks is the common way. They do require the passport though. And sometimes the wait time could be long (I found out Friday is usually bad). But it is not very safe if you have large amount of cash. So I tried
Reading Time: 2 minutes Follow the crowd; follow the stock picker or gurus such as Jim Crammer without doing own research; follow the friends. Following the crowd is dangerous because statistically majority of small investors lose money in the stock market (I know I am since got into market in late 2003). I think one reason for doing this is the “herd”
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