Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Area51 who wrote (35888)	11/10/2009 1:06:24 PM
From: Area51	Read Replies (2) \| Respond to of 78753

I bought a small position in CHNG because this yahoo post told me what I wanted to hear: messages.finance.yahoo.com Also picked up some of the KCAP I sold yesterday @ 4.5x . Probably should have sold on the jump back to 5.20 but I missed it. I wouldn't be too surprised if we see 4.5x again (or even lower) in the next few days. The bull argument is summarized rather succintly here (haven't checked the figures but they seem about right based on my recollection: messages.finance.yahoo.com

To: Area51 who wrote (35888)	11/11/2009 8:50:12 AM
From: gcrispin	Respond to of 78753

I'm still holding my CHNG shares even though the price was crushed two days ago with the announcement that the LNG plant will be delayed. The quarterly numbers weren't great either, but the company is reaffirming guidance for the year. The stock is selling for a reasonable PE and the upside for the LNG plant is quite appealing. The company has one hundred percent commitments for their LNG and expect to recoup their investment of 45 million in less than three years. Below is the most recent presentation (though the timelines are out of date. naturalgaschina.com There were good questions by analysts on the call. They are building a subway in Xian which will cut into the use of taxis, but many hybrids of gas and natural gas are being built in China today. The company has a fifty percent market share in Xian and they expect that to increase by the end of next year. I would suggest listening to the call. The Roth analyst recently recommended the stock, so he's a bit miffed on the call. The Heartland Advisor analyst was also on the call and that fund owns a significant amount of stock. I'm currently a bit neutral with the latest news. I've owned my shares for a while as I've always thought CNG made sense in China. Currently natural gas only supplies three percent of China's energy needs. I also think the LNG plant will be very successful, but they have to get it built. In the meantime, you never know what China will do with the price of CNG and it's difficult to decifer how much competition is coming online with other means of transportation or more stations.

To: Area51 who wrote (35888)	11/11/2009 9:05:16 AM
From: gcrispin	Read Replies (1) \| Respond to of 78753

I'm still holding my CHNG shares even though the price was crushed two days ago with the announcement that the LNG plant will be delayed. The quarterly numbers weren't great either, but the company is reaffirming guidance for the year. The stock is selling for a reasonable PE and the upside for the LNG plant is quite appealing. The company has one hundred percent commitments for their LNG and expect to recoup their investment of 45 million in less than three years. Below is the most recent presentation (though the timelines are out of date. naturalgaschina.com There were good questions by analysts on the call. They are building a subway in Xian which will cut into the use of taxis, but many hybrids of gas and natural gas are being built in China today. The company has a fifty percent market share in Xian and they expect that to increase by the end of next year. I would suggest listening to the call. The Roth analyst recently recommended the stock, so he's a bit miffed on the call. The Heartland Advisor analyst was also on the call and that fund owns a significant amount of stock. I'm currently a bit neutral with the latest news. I've owned my shares for a while as I've always thought CNG made sense in China. Currently natural gas only supplies three percent of China's energy needs. I also think the LNG plant will be very successful, but they have to get it built. In the meantime, you never know what China will do with the price of CNG and it's difficult to decifer how much competition is coming online with other means of transportation or more stations.