Call(s) to Action: CHFR
China Fruits Corp (CHFR) ($0.14) – a distributor and producer of fresh tangerine and other fresh fruits in the People’s Republic of China. We are Long CHFR, but know this is very speculative bet.
On August 19, 2014 we added CHFR to our watchlist due to significant increases in revenues and net income in its Q2 2014 results. We have decided to make a purely speculative bullish bet.
- The company reported EPS of $0.01 for its Q2 2014.
- Sales increased 197%:
- Pumpers/Momentum players may annualize Q2 EPS to $.04 and apply a P/E of 10 to 25 , equating to a share price of $0.40 to $1.00.
- It is also worth noting that the company just started becoming more active on the investor relations front. For example, after a long hiatus of issuing no press releases , press release flow resumed in March 2014.
- Launched an e-commerce platform.
We caution readers that:
- we have performed no due diligence on CHFR, beyond reading its SEC filings.
- we presume CHFR will have to raise capital since its working capital is negative.
- the company has a history of reporting minor profits in the past, then resuming quarterly losses.
Here are the stories that the GeoTeam is following today… (Please see full disclosures at bottom)
- ChinaHybrids
- CGA (2.28) reported Q4 2014 results; Reported sharp decrease in EPS on slightly higher revenues. Provided full year 2015 revenue and EPS guidance of $254.7 million to $268.8 million and $0.80 to $1.08 respectively.
- KUTV ($1.41) reported Q2 2014 results; Reported increase in loss per share on sharply down revenues.
For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.
Disclosure: Long CHFR; Other Long Positions; Other Short Positions; Pump & Dump Positions (Password GEO2014)
Summary of general highlights:
On the Asian Front…
Select China Earnings…
| Stock | Price** | EPS Estimate | Reported EPS | Prior Year Reported EPS |
| China Green Agriculture (NYSE:CGA) | $2.87 | n/a | $0.11 | $0.51 |
| Ku 6 Media Co (NASDAQ:KUTV) | $1.25 | n/a | -$0.11 | -$0.05 |
* denotes non-GAAP; ** Pre-market
Please see our ChinaHybrid June 2014 quarter earnings screen (password GEO2014) for select companies that have reported earnings.
For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.
Sincerely,
The GeoTeam