Reading Time: < 1 minute By Crocslized I meant the penetration rate of Crocs shoes. From today’s Crocs presentation at ICR XChange, Australia claimed the No. 1 spot in term of dollar spent on Crocs per capita (a.k.a., per person). Canada is second. US is not too far behind. China is also shown in the figure. So, take Australia as

Reading Time: < 1 minute Well, Longtop did not turn out to be long top, it was a short top if you will. I sold most of the shares today (still 50 shares pending in Scottrade). The problem with Longtop (LFT) is not fundamental, it’s rather valuation. In current market, I think an unproven Chinese financial software (IT service) company

Reading Time: 2 minutes What a day. I mean the stock market. Monday IBM gave us some good news. Today neither Citi nor Apple (and New Oriental if I may add) sent out re-assuring news, and the market (both Dow and Nasdaq) tanked… These days I started to read the Buffett shareholder letters date back to year 1978. I

Reading Time: < 1 minute (Update) Halter US China Index closed down 7.89% and FXI down 7.55%. China Mobile (CHL), a major component of both index, is down 7.79% today. FXI (FTSE Xinhua 25) dropped 7.23% as of now 11:27 AM US CST. Halter US China Index (web site), which is more broad based Chinese ADRs traded in the US

Reading Time: 2 minutes I decided to buy some China Mobile shares, after did some reading in the weekend. Today’s news is China Mobile walked away from Apple regarding iPhone, cool. Since I placed a limited order ($85.25) last night, I got it at $84.22 shortly after it started trading. Two things: China Mobile (NYSE:CHL; HK:0941) is not cheap,

Reading Time: < 1 minute The following screen shot is from Capital Week Jan 5, 2008 We know from Jan 1 2008 China will have a unified corp tax rate of 25% (some tax rebate for certain industry and foreign enterprises will still apply for a while). It appears retailer, bank, home builder, and telecom (include mobile phone) will be

Reading Time: < 1 minute What a crazy week. The market continued its downward spiral while we hear all kinds of bad news from economy front: from the credit crunch for big guys and little guys; AT&T CEO says some customers can not pay the phone bills; American Express (one of Berkshire’s core holding) had it biggest drop since year

Reading Time: < 1 minute I was reading the cash flow statement of CROX Q3 2007 10-Q. One thing caught my attention is the “Excess tax benefit on share-based compensation”, about $38.6 m for first 9 months of 2007, plus the “Exercise of stock options” $ 14 m., the total “Cash provided by financing activities” is $ 52 m, compared

Reading Time: 2 minutes All right, before I was going to do an accurate calculation of the annual return of my portfolio, all my year 2007 gain (realized and unrealized) are gone by yesterday market close. Blame the market? Blame the CEO of Crocs and Longtop? Blame Jim Cramer? Blame the Fed (as Jim Cramer did in his show)?

Reading Time: < 1 minute More blindman’s check on elephant… Crocs stock (CROX) had a big drop in last two sessions, amid the loss of patent lawsuit in EU, and some rumors on the business slowdown in general. When Crocs reported its Q3 2007 earning back on Oct 31 2007, it mentioned there is some excessive inventory because of the