Reading Time: < 1 minute Here is the results from PR NewsWire. To summarize: Net sales from continuing operations for the second quarter 2007 of $30.4 million were up 16.4% over the $26.1 million for the second quarter of 2006. North American sales of $11.8 million in the second quarter 2007 increased 8.2% from 2006. European sales of $12.8 million
Reading Time: < 1 minute I went to the China Merchants Bank today, to exchange some USD into CNY. The rate is 7.5544. From what I read, the US senate has passed a bill to push China to appreciate the CNY more faster. That certainlly did not help me (get more Chairman Mao for my green backs). On a positive
Reading Time: < 1 minute I read it from the Forbes, Crocs bought Bite Footwear. I checked out Bite’s web site, it looks they make sports sandals, which reminds me of the “Keen” branded outdoor sandals sold in Dick’s Sporting Good. Don’t know if they are comfortable or not, but the Keens are not cheap. One interesting thing I saw
Reading Time: < 1 minute Got back to Shanghai in the weekend; my limit observations in past 2 days suggest those two are hot besides the weather. Don’t run and buy stocks solely based on this. Crocs: I saw people wearing Crocs near Zhongshan Park, at Hongqiao Parkson Shopping Mall and Jinjiang Chef (restaurant). Today my co-worker told me this
Reading Time: < 1 minute The local temperature is 29 to 38 Celsius, or 84.2 to 100.4 Farenheit. Stock market: Shanghai composites is edging up to new high (at 4398.79 as of 10:25 AM July 30 local time). I will talk about the craziness of “Crocs” in Shanghai later, and Sheng Jian Bao place. I think I will miss a
Reading Time: < 1 minute Here is the results (details from business wire). I will add more after listening to its conference call. — Second Quarter Revenues Increased 162% to $224.3 Million vs. $85.6 Million Last Year (analyst expected 188.49 to 204.20) – Company Reports 2Q07 Diluted EPS of $0.58 vs. $0.19 Last Year- (analyst est. 0.40 to 0.48) —
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 Today Bill Miller must be very happy, as his fund (Legg Mason Value Trust) core holdings Amazon (5% of $20 b, roughly $1 b) went up more than 20%, this is the second time AMZN came out with a blockbuster quarter this year, and the stock has been up more than 100% in the past
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