SI
SI
discoversearch

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: Spekulatius who wrote (39319)9/17/2010 12:46:11 PM
From: Madharry  Read Replies (2) | Respond to of 78763
 
GFRE-thats what the category depreciation and amortization is for for 2009 that number was a bit over $7 million and net plant and property was $81 million. that number might seem low but we have to remember that capital expenditures during 2009 was close to $39 million.One would hope that the cpa makes sure that the depreciation and depletion calculations are reasonable.

looking over the 2009 10k i did believe i found a typo with respect to utilization ratio of one of the factories and i have queried investor relations about that. the utilization drop from 90% to 81% seemed excessive to me and by my calculations it looked like the drop was more like from 84% to 81%.



To: Spekulatius who wrote (39319)9/17/2010 12:51:51 PM
From: burryfan  Read Replies (2) | Respond to of 78763
 
I've never bought LEAPS, but it seems like a perfect way to play these Chinese companies. GFRE is either worth way more than it's selling for, or it's not worth anything.

There are Jan 2012 options on GFRE with a 20.00 strike price selling for .55 each.

If you buy 10,000 of those, downside is a maximum of $5,500;
If GFRE is at $30 in Jan 2012, you get $94,500 in profit, or about a 1700% return.