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.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
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
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
