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8 pts

Opinion on  LJ International Inc. (JADE)     Sector: Consumer Cyclical  >  Industry: Jewelry & Silverware
Jade Earnings Preview

Apr 02, 2007 08:36 PM UTC
Return Risk
-9.93% LOW
Associate

Fundamental Analysis   Technical Analysis   Analyst Recommendation   Favorable/Unfavorable Valuation  

On Friday I wrote a brief note regarding my long position in LJ International (JADE). Here is a 6 month chart:


  • Bullish relative strength
  • Bullish 50 day Moving Average
  • Bullish 200 day Moving Average
  • Support at 8.94
Fundamental Analysis:
  • LJ International reported 3rd quarter 2006 earnings of $0.12 per share, up 20% yoy. Revenues were $33.23M, 25.2% above yoy.
  • In February JADE raised 4th quarter earnings projections of $0.16 per share on revenue of around $40 million, up from prior view of $0.04-$0.11 per share on $33-27 million in sales. They also boosted full year earnings projections to $0.34 per share on $123 million in revenue, up from proior forecast of $0.20-$0.28 on sales of $115-$120 million.
  • JADE currently trades at 37.24 times earnings, and an average long term growth rate of 36.0% and 56.0% short term growth rate. Actual P/E for Trailing Four Quarters is 43.5, and Forward Four Quarters Estimate is 32.4.
*A fellow investor brought the implied volatility of JADE to my attention- there is heavy buying on April 10.00 and April 12.50 calls, and very light open interest in April 10.00 puts.

JADE announces 4th Quarter 2006 earnings on March 29.

JADE:  This call was made on 04/02/07 @ $10.54
Rating:   Positive   $10.54 (04/02/07)
Gain/Loss:   -92.50% in 647 days
Target:   in Six months


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Who voted on this idea?
fenipatel N/A 06/13/2008
rui1969 N/A 05/14/2007



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