Reading Time: < 1 minute A short while ago I decided not to short EDU. Today the EDU stock buy back program confirmed my reasoning. Here is their buy back plan (CNNMoney): New Oriental Education & Technology Group Inc. (NYSE:EDU) Thursday said its board had approved the buyback of 1 million American Depositary shares. The program is effective between Feb.
Reading Time: < 1 minute I wrote about the bubble of PetroChina during its Shanghai IPO last Nov. I understand lots of people in China (San Hu 散户) are under water on this one. Obviously they bought into this “the most profitable company in Asia” slogan touted by some institutions that wanted to dump their shares during IPO. Here I
Reading Time: 2 minutes What is earning quality? As a new investor, I used to look at earning of a company heavily. I think earning is also the driver of a stock price in the wall street. If a company issues earning report which beats the street, and offers upbeat outlook for next quarter (or next year), the street
Reading Time: < 1 minute I thought about it early Jan. after reading from San Jose Mercury News that VMW is the No. 4 software company, in terms of market capital (about $30 b as of yesterday). But I put down the earning date (Jan 28) on my Google Calendar (not Yahoo), and it did not send out reminder email
Reading Time: < 1 minute Quoting Reuter News: E-House China (EJ), filed with U.S. regulators on Thursday for an offering of $175 million of its American depositary shares. Note the company recently formed alliance with some major home builders in China (read the news from CNNMoney). Now they are asking more money from the market, the shareholders (old or new).
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 My performance The Scottrade account did beat the S&P 500 and Nasdaq (detail to be calculated…). This is pretty easy because the market did not go up much in the past year (3.5% for S&P and 9.8% for Nasdaq). More importantly, learned the risk, portfolio management (weighting), IRA/401K/mutual funds, all from hands on experience and
Reading Time: 2 minutes Stocks in review week of Dec 16 to Dec 22 1) I bought some MXB shares on Dec 19. After I read its prospectus more carefully, I found two things I don’t like: it will use the proceeds of the IPO ($225 m) and borrow some $425 m to pay the dividend to its parent,
Reading Time: 2 minutes 1) Why it quit the outsourcing biz? We know outsourcing is a typically low margin business. Interested readers can look at the VanceInfo (formerly WorkSoft), the first Chinese IT outsourcing company listed in Nasdaq. It did IPO recently. Longtop should not get into the oursourcing business to begin with. I suspect the VCs suggested the
Reading Time: < 1 minute It priced at $26, according to AP news. I did NOT bid on NetSuite IPO eventually. Two things: it raised price range from initial 13-16 to 16-19; and I noticed NetSuite is not profitable so far. On the other hand, when its bigger rival, the on-demand software provider SalesForce (CRM) did IPO in 2004, it
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