Reading Time: < 1 minute (Update Nov 6) Keso wrote an interesting piece about Ma Yun and Alibaba IPO. DBANotes also has an interesting article about Alibaba IPO. The author Fenng works for Ali. (Original) The ticker symbol is 1688.HK. It opened at HKD 30.00, a big jump from the IPO price HKD 13.50. I have not looked at its
Reading Time: < 1 minute (Update Nov. 6) There are many reports saying that PetroChina is the largest company in the world, according to its market capital (> 1 trillion USD), after its IPO/secondary offering in Shanghai. This is a bit misleading, as similar claims regarding ICBC (1388.HK), and China Life (NYSE:LFC) being the largest bank and insurance company in
Reading Time: 2 minutes Week in review 10/27/07 to 11/03/07 1) I found the coffee at On the Run (Mobile gas station) is as good as Panera. I used to get a cup of coffee at Panera every morning, it costs me about $1.70, now I’m paying $1 for similar thing. Even at this price, I believe “On the
Reading Time: 2 minutes The Saturday morning at my STL home is much quite than the apartment I stayed in Shanghai. No more “冰箱, 彩电, 空调” noise from the old applicance collectors. No more street noise from cars, buses, and people. But I also miss some of the good things in Shanghai. The newspapers, the babi bum 巴比馒头, and
Reading Time: < 1 minute (Update) I also listened into its conference call, and it confirmed some of my thought: Chinese domestic market becomes more friendly; south America has strongest international growth, while NA has the slowest. (Original) I went to Panera bread this morning. Here is what I saw: Bagel, 89 cents; coffee, $1.59 to $1.79. These prices haven’t
Reading Time: < 1 minute (Update: 10pm Nov. 1 CDT) The Crocs board approved up to 1 million shares buy back immediately. See this news from Reuters. Crocs has about 80m shares outstanding as of now. (Original 5pm Nov. 1 CDT) From yesterday closing price of $74.75, to today’s closing price of $47.74. It’s a $27.01 hair cut, or 36.13%
Reading Time: < 1 minute Crocs (Nasdaq:CROX) reported a solid quarter yesterday. It also raised its own year 2007 guidance, but the number is not enough to exceed the street’s “sky high” expectation. The stock already got crushed in the after hour and pre-market trading. It’s likely it will suffer for a while. But I think the fundamental of the
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