This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top IPOs of 2009: Five Stocks to Watch

Lihua International

Lihua International (LIWA), the Chinese maker of copper-clad aluminum wire and recycled scrap copper wire (the cheaper version of pure copper wire) used in consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries, came to the market at just $4 a share. But since Lihua International's IPO on September 8, the stock has soared 165.5% to close at $10.62 on Jan. 4.

In November, the company announced that it swung to a loss of $1.3 million, or 8 cents a share, in its third quarter, although its sales nearly tripled.

Most of the loss was the result of a non-cash charge for the change in the fair value of warrants issued to investors in conjunction with the company's issuance of convertible preferred stock in October 2008. Excluding the charge, Lihua actually earned $6.7 million, or 39 cents a share.

Sales grew to $40.9 million from $14.3 million in the year prior.
2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LIWA $0.01 0.00%
CSCO $26.00 0.00%
CYOU $20.64 0.00%
GE $25.16 0.00%
IBM $147.98 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs