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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: - with a K who wrote (17547)8/8/2003 5:30:03 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78958
 
>> I can't understand why the store keeps the fee if all people recoup it.
>Because 19.7 million members paying $45 means $866 million annually!

Ahh, there's the rub! Then it means that the people don't "recoup it" :-P

Consider this: if all people recoup the fee, Costco could eliminate the fee, raise the prices by ($866mln/yearly_revenue) percentage and come out even *with prices still lower than the competitors'!* (by the logic that the all fees are recouped and people still end up ahead from buying somewhere else)

Jurgis - lies, damn lies, and membership clubs :-))))

JMHO and see the smilies!



To: - with a K who wrote (17547)8/11/2003 1:31:49 AM
From: Steve168  Respond to of 78958
 
GSH: This is a great China play, sole railway operator in the richest area in China, paid 6-8% dividend in the past 5 years, business growing.

I bought couple thousand shares when SARS news was all over the place (this is my style, once I determined a good stock to own, I always buy/add when short term bad news hit). I paid $8-9.5 and already got a $0.60/share dividend last month. I was hoping to buy more but the price moved pretty fast trading on thin volume. Look like it is being discovered by some big buyers and the train is leaving the station...

I do think GSH will be able to make a 20-30% gain comfortably in a year, potentially a 50-100% gain in the next 1-3 years, even from the current $11.40 price.

Book Value (mrq) $14.27
Earnings (ttm) $0.84
Earnings (mrq) $0.39
Sales (ttm) $3.51
Cash (mrq) $2.76

GSH - The Company operates the sole railroad, 147 kilometers long, between Guangzhou, the capital city of Guangdong Province, and Shenzhen, one of the original special economic zones of the People's Republic of China established to promote economic reforms in China. The Company's rail line connects with the rail line from Shenzhen to Hong Kong, and it operates jointly with Kowloon-Canton Railway Corporation through train passenger service between Hong Kong and Guangzhou.