Watch List for Thursday 4-8-2010 Keep an eye on EXMD tomorrow morning, the company just announced earlier today that they are proceeding ahead with the revenue sharing agreement with the Hong Kong based Internet Short Video Clips Advertising Company. I believe as the news spreads we will not see EXMD at these levels for long.
We have come across a lot of stocks in the small cap arena that we have put out that made huge gains in very short periods of time. We have been researching hundreds of companies and stumbled upon a stock we absolutely love for the long haul. Between the chart and the financials we see a good amount of upside potential and the stock looks like a very safe investment.
The new green energy company we discovered is Chisen Electric Corporation and trades under the symbol CIEC on the OTCBB.
A brief summary of CIEC Chisen Electric Corporation, incorporated in Nevada, USA, and headquartered in Zhejiang Province, the People`s Republic of China, is a leading lead-acid motive battery producer for China`s personal transportation device market. The Company`s battery products are sold under its own brand names and are predominantly used in electric bicycles. Among all types of batteries for electric bicycles, the lead-acid motive battery is the preferred choice for electric bicycle manufacturers in China because of its cost efficiency. Today, the Company manufactures over 15,000,000 batteries each year, has more than 2,000 employees and is one of China`s largest manufacturers of lead-acid batteries for electric-powered bicycles (LABEBs). More information about the Company can be found at http://clicks.aweber.com/y/ct/l=Hkg1R&m=1fOH.xSXZHtRB1&b=rlR7lci3YkIxRW9UWnaR8Q CIEC reported that revenues in the 2009 third quarter increased 102% to $47,237,000 from $23,421,000 in the third quarter last year. Net income in the period grew to $2,211,000 from $1,619,000 in the third quarter of 2008, a 36% gain. 2009 third quarter EPS, based on 50,000,000 shares outstanding, increased to $0.044 from $0.032 in the same period last year. Besides how good the chart for CIEC looks this is one of the main reasons I love this company. They keep showing substantial gains and are predicted by professional analysts to keep up the pace.
With the market continuing to rally I believe CIEC and other companies in the new green energy sector have a good chance to follow the market.
Through the first nine months of 2009, the Company said revenues grew 56% to $127,104,000 compared with $81,234,000 in the first nine months of 2008. Net income in the first nine months of 2009 was $9,157,000, or $0.18 per share, up 20% compared with $7,575,000, or $0.15 per share, in the prior year period.
The Company said it continued to benefit from its strong relationships with leading electrical bicycle-makers in the PRC as well as its network of exclusive distributors now in 27 provinces throughout China.
Although average unit selling prices of the Company`s batteries were down 6% in the quarter and 18% through the first nine months of 2009, primarily due to the competitive environment, the Company continued to benefit from strong electric bicycle sales in China and achieved a 56% increase in sales volume through December 31.
Mr. Xu Kecheng, Chairman of the Board, and CEO of the Company, stated, “We remain excited by the continued rapid growth of the Chinese electric bicycle market, which has spurred increased sales of the Company`s well made, reasonably priced battery products. The Company anticipates continuing growth in electric bicycle sales, as consumers see them as a highly practical and pollution free means of transportation and there also is continuing strong support for battery powered bicycles from the PRC government. Chisen`s experience and expertise in the lead-acid battery market should permit continuing expansion of its product range as well as its customer base.” CIEC is a definite stock to keep in your portfolio and analysts believe CIEC will pay dividends in the future. I love it just as much as analysts and after doing my due diligence purchased some myself.
Another statistic that was very appealing to me was their Revenues through the first nine months of 2009, the Company said revenues grew 56% to $127,104,000 compared with $81,234,000 in the first nine months of 2008. Net income in the first nine months of 2009 was $9,157,000, or $0.18 per share, up 20% compared with $7,575,000, or $0.15 per share, in the prior year period.
For more information on CIEC you can visit their website: http://clicks.aweber.com/y/ct/l=Hkg1R&m=1fOH.xSXZHtRB1&b=rlR7lci3YkIxRW9UWnaR8Q I strongly suggest looking into this stock. We will be putting out more big short term winners this week but I believe this is a stock you can purchase and let sit for a while and see safe positive gains!! Make sure you do your due diligence right away on CIEC and good luck trading! Stay tuned for more updates and more of our Huge winners! Ari Goldstein Please make sure to Sign up at www.EquityTradingAlert.com to get the hottest stock picks! You can contact us any time at office@EquityTradingAlert.com *********************************************************
