The Maxim Group estimates were for $56.4m in revenues and $7.9 Million in net income.  CHOP beat estimates producing $57.2 million in revenues and $11.4 million in net income.
Fourth Quarter 2009 Highlights
— Revenue increased 45.3% to $57.2 million from $39.4 million in the
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CHOP will announce their Full Year 2009 earnings next week.  The company’s product demand is a direct result of the increasing consumer demand (buying habits) in China.  Chinese premier Wen Jiabao mapped out the country’s growth plan for the next five years at the annual National People’s Congress. Ian McGuinn, head of operations & research [...]

Electronic Game Card (EGMI) update conference call will be one of the most important calls in the company’s history.  The company has grown its revenues from $1 million FY 2006, $6 million FY 2007, $10.5 million FY 2008, and expected to be $15-16 million in revenues for FY 2009.  EGMI’s corresponding EPS over the last [...]

I really don’t have an update, so I guess that is the update.  I know there was a board meeting late last week but havn’t talked to anyone on what decisions were made.  I’m still holding my position since there is no reason to sell when the company is growing EPS 40% yr/yr, trading at [...]

The Company heads to China today as they will be meeting with their China Welfare Lottery partner, China LotSynergy.  In the next few weeks we should get some more transparency into this potential monster of a relationship. POKEN has been getting a lot of positive press lately (Forbes, etc).  EGMI has been very quiet on [...]

Rising Production Looks Unlikely to Exceed Demand, Propelling Prices Higher World-Wide for Raw Materials
By ROBERT GUY MATTHEWS
China’s surging demand for steel this year is expected to dominate the landscape of the steel industry as never before.
Already the world’s largest producer by far, the country is expected to rev up production by nearly 10%. But the [...]

[Roth Capital Report]
 
Disclosure:  LONG EGMI

2009 has been a really good year, but I believe 2010 will be even better. The overall markets may be a bit top heavy but I believe the Russell (micro/small caps) will outperform the major averges. I am going to start off 2010 the way I finished 2009..WORKING. I’m traveling the first [...]

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Sales of welfare lottery in China have exceeded 70 billion yuan (10.2 billion U.S. dollars) so far this year, according to the Welfare Lottery Distribution and Management Center.  The sales represent a 17 percent increase from the whole year of 2008, the center has said.  After paying back for prizes, the lottery raised a total [...]