China Watch Podcast: Honing in on Gold Horse
This week, Adam Wasserman, CFO of Gold Horse International, explains this multi-faceted business group that specializes in high-growth industries in China, and reveals the company's plans within the wind power industry and what the real estate development and construction scene in China looks like right now. Also, Elsa Sung, CFO of Jiangbo Pharmaceutical, gives us the latest on the company, its recently-reported results for the third quarter of its fiscal year 2009, the acquisition of Hong Rui and how she expects the company to grow in the coming year. And, Stephanie Link, director of research for Action Alerts Plus, says this may be a time of opportunity to get in on a more pure China play - Dow Chemical. She explains why this is such an opportune time for this stock, what exciting moves Dow is making, and how you can play it. Finally, one viewer is looking for a mutual fund that encompasses all of the many Chinese Internet stocks that are growing so rapidly.
Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel
"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.
Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending
"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.
Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion
Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.