Reading Time: < 1 minute Yesterday morning when I went to Panera (St. Louis) Bread to get morning bagel, I noticed they raised the price from 89 cents to 95 cents. I can fully understand the pressure they are facing: the rising wheat, diary, and energy cost. Today Starbucks came out with earning, and understandablely a disappointing outlook (bloomberg). SBUX
Reading Time: < 1 minute Early August 2007, when I was in Shanghai, the US stock market underwent a crisis from the sub-prime mortgage. At that time the focus was on BearStern and its two hedge funds. In China, and in overseas Chinese financial community, the book named Currency Wars authored by Mr. Song Hongbing was very popular. So I
Reading Time: 2 minutes (Update Nov. 17) Shuipi of ChinaTimes(水皮华夏时报) wrote this interesting piece on his newspaper. (Original) It looks like it, from the highs at 6,200 in early Oct to 5,200 now. But wait a minute, recently the US stock market suffered big loss because of the sub-prime meltdown, and weakening of the dollar. How could the mess
Reading Time: < 1 minute Week in review 11/04 to 11/10 1) Shanghai Univ of Finance and Economics, or SUFE, is celebrating its 90 years annaversary. SUFE also launched Shanghai consumer/investor confidence index, similar to Univ of Michigan consumer confidence index.
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: < 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 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
Reading Time: < 1 minute The AA 0288 flight from PVG to ORD yesterday was very much full. The airline offered $600 coupon if someone is willing to give up his/her seat, because the plane is overbooked. As usual I saw more American than Chinese, besides business people and college students, we saw a little girl played ballet in Shanghai,
Reading Time: < 1 minute Last night (Oct 24 10 PM, Shanghai time) I bought some Longtop (NYSE:LFT) shares at its IPO debut. I think this is more like “gold rush”, not something a rational investor would usually do. After I bought it at opening ($27), the stock gapped down as low as $23.25 (see the pattern here?). But it
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