> With as much money on hand as they have, coupled with little (no?)
> debt, $4.75 seemed like a decent place to start.  I can't really see
> it going down to far from here, but the upside looks tremendous.  Of
> course I'm a complete neophyte to stocks so we'll see.

> One problem with basing your investment on the implacations of "0
> debt" is that they rent (don't own their stores) and it looks like
> they may hold those leases off balance-sheet as operating leases and
> expense them through the IS.   When looking at cap structure, you will
> want to add that back in to debt for comparison purposes.  Their
> annual report doesn't seem to make the appropriate disclosures in
> regards to how they treat these leases.

> In general, Chinese companies are much harder to analyze.  I have even
> heard rumors about NPD being a potential target for nationalization,
> but I assume those rumors to be completely unfounded.  Hopefully we
> get some major growth in China this year and they continue to make
> profits and open new stores.

> From a technical standpoint, it's barely trading above its 200 day
> moving average around $4.50.  This SHOULD act as a strong technical
> bottom BUT If it breaks through that you may want to sell and buy back
> again as it could easily drop to $3.50 without hitting more
> resistence.  Being that my position is small, I'm not sure if I'll
> take my advice or not.....may sell if it closes below $4.50, may ride
> it lower...hopefully it won't come to that.  Good luck.

> On May 28, 3:03 pm, mrgrac...@gmail.com wrote:

> > ... and already losing money ;)

> > With as much money on hand as they have, coupled with little (no?)
> > debt, $4.75 seemed like a decent place to start.  I can't really see
> > it going down to far from here, but the upside looks tremendous.  Of
> > course I'm a complete neophyte to stocks so we'll see.- Hide quoted text -

> - Show quoted text -