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

To: MCsweet who wrote (51313)	4/16/2013 8:08:03 PM
From: gcrispin	1 Recommendation Read Replies (1) \| Respond to of 78767

McSweet, You don't miss much. Here are my thoughts. Buyback was announced on October 15 and the 10-K says that their million dollar buyback is slated for a year. I am disappointed that they didn't buy back stock to this point. Let's see if anything is announced in the CC. Dividend: I understand your viewpoint. My view is that this is a small internet company. Not many tech companies in the US offer dividends. (Look how long it took Apple to cough up a dividend.) So that isn't one of my markers for investing in this company. 10-K: I agree the yearly profits weren't great. They spell it out pretty clearly that the economy in China turned south starting in late 2011. I think fourth quarter net will be much better as they lost money in the fourth quarter of 2011 and made money in the fourth quarter of 2012. Are they crooks or stupid?: Well, if they are crooks, they must be pretty stupid because they have purchased lots of stock. nasdaq.com You can review their insider trading policy on their website. I will be keenly interested to see if insiders purchase stock after the blackout period. New Projects: That didn't bother me. I found it a positive that they were buying out the minority interest in Linsuo.com as this simplifies the corporate structure and allows for them to proceed with new programs (cloud-based services) with that venue. Many of the new projects are explained in the fourth quarter investor presentation. I thought it made sense in that it offered something that their competitors aren't. That said, I added to my position today. (We will see if I am stupid:) I am looking forward to tomorrow's release.