Mike Wagner - Perpetual beta

Target price may be reduced - but not that much considering the level one could enter the stock now. 03/18/08 - Maxim Group NEW YORK, March 18 (newratings.com) - Analyst Albert Lee of Maxim Group maintains his "buy" rating on China 3C Group Inc (CHCG) , while reducing his estimates for the company. The 12-month target price has been reduced from $7 to $5. In a research note published this morning, the analyst mentions that the company has posted its EPS and sales for the previous year short of the estimates. China 3C’s guidance for 2008 indicates that the sales momentum in 2H08 would be offset by higher-than-previously-anticipated gross margin pressure, the analyst adds. There is low near-term visibility into the company’s internal unit expansion strategy, Maxim Group says. The EPS estimate for 2008 has been reduced from $0.62 to $0.44.

For those who know me know I have been investing since I was 15. Every once in awhile I divert from the usual web 2.0 topics to that of a investment I have taken a position in. Today is one of those days since China 3C Group , CHCG has gotten pummeled today as what I believe to be a over-reaction by speculators to FY2007 results today. I consider the consumer electronics retail sector in China as an opportunity to reap the history of one of the fastest growing staples of any growing economy. Mix that with $25 million in cash on the books and a solid, real (sometimes you just don't know with over the counter stocks). As always, do your own DD but as I see it the stock still looks extremely cheap on a valuation basis even after the guidance, and is building a base on which to spring higher. Not including cash and simply assigning an industry PE of 10 we should be at $4.50 on normal growth rates. Besides the speculators, & extremely volatile world markets, the company has st...

Sort of, during my search for new oppertunities I've been talking with many people and the conversation usually seems to settle on just this topic. So, I dug up an old post I wrote, while acting as Product Marketing Mgr at Enterprise Mashup software company JackBe, with a diagram created by JackBe's CTO, John Crupi . Sunday, June 3, 2007 A lot of people ask us here at JackBe about the definitions and or differences between Web 2.0, Enterprise Web 2.0 and Enterprise 2.0. So here are some of my thoughts simplified for a blog post. Web 2.0 – There are two parts to this one which will make sense when I get into the difference between Enterprise Web 2.0 and Enterprise 2.0. 1 . Web 2.0 – the user-driven paradigm shift. Youtube , blogs , wikis , RIA s with greater self-service capabilities… all of these are examples of a paradigm shift from older HTML static, mostly one way communication of ideas and information to a new User-Driven web model which enables you and me ...