Posts

Showing posts with the label chinese

Lunch

I had lunch today at a Chinese restaurant today. The Red Lotus in Chapel Hill. A friend of mine had her 43rd birthday recently and instead of a gift, she asked to go out to lunch. So we did. It was great for me since I don't get to go out to lunch very often. I have to park off-campus and as a result going out to eat isn't easy. Cry has a parking spot on campus so she can just scoot over to her car and drive away. The receipt is funny. They ask at the bottom for customers to follow them on Twitter and Facebook. The world is changing too fast for me!

American Oriental Bioengineering

Image
American Oriental Bioengineering's stock (AOB) got whacked bad a few days ago. That's what it looked like. Pretty ugly, huh? It dropped from $11.50 at Monday's close to $8.50 at Tuesday's close. A $3 drop which, since there's 64 million shares, means that the company lost over $190 million in value. Like I say, ouch. I bought into the stock at $8.69 and I'm expecting to be able to get $11.50 - $12 for it in the next 2 months. The company is interesting. Despite the name, it's a Chinese company, and it's business is selling food supplements in China. They also sell 9 plant extract based pharmaceuticals like Gujinwan Capsules and Biyanling Tablets. But their bread and butter are the food supplements mostly based on either soybean or pancreatic extracts. There's only two analysts following this stock but they're both optimistic. One projects a price of $12.50 for the stock this year and the other analyst is projecting $16. I'd be more than hap...