Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Wednesday, December 14, 2005

XING today...............

9:40AM Qiao Xing expected increase in net sales, gross profit and income from operations of 23%, 66.7% and 243.9%, respectively, from those for 2004: Co expects 2005 rev to be over $300.0 mln vs $323.6 mln single analyst estimate. This would represent a growth of 23.0% from last year's $244.0 mln. The last quarter of a year is usually better than the other quarters. From Jan to Sept 2005, XING have achieved rev of $210.8 mln, with a quarterly average of $70.3 mln. They expect to make about $90 mln for the final quarter (Q4 single analyst estimate of $100 mln), which means an increase of about 27% from the quarterly average of the first nine months. They anticipate gross profit margin of 15.0% for the whole year of 2005, compared with 11.1% for 2004. This would mean a forecast gross profit of $45.0 mln for 2005 compared with $27.0 mln for last year. They expect income from operations (before other income/expenses, interest, tax, minority interests and extraordinary items) to reach over $28.2 mln for 2005.

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