(this is the fourth post in a series.  read earlier posts about my purchases of Secured Digital Applications (SDGL.OB), NetSol Technologies (NTWK) and Art’s Way (ARTW)) #4: China 3C Group (OTCBB:CHCG) Description: China 3C Group is a wholesale distributor and retailer of computers, mobile phones and other communication products, and consumer electronics in Eastern China.   [...]

Worth reading: Collectors Universe Reports Results for Fourth Quarter and Fiscal Year 2008 – Results deteriorate at Collectors Universe (NASDAQ:CLCT). No reason to get involved now. Towerstream Announces Deployment of Alvarion(R) Mobile WiMAX(TM) Equipment in Chicago Network – With TowerStream (NASDAQ:TWER) down over 30% since I first raised concerns about its revenue model, a few [...]

Worth reading: KVH Industries Inc. Q2 2008 Earnings Call Transcript – Seeking Alpha – KVH Industries (Nasdaq:KVHI) posted record Q2 profit despite slumping sales in the RV division. LJ International Inc. Announces Filing of a Universal Shelf Registration Statement – So tiny LJ International (Nasdaq:JADE) with a market cap. under $45 million intends to sell [...]

Underpromise, overdeliver seems to be the motto for China 3C Group (OTCBB:CHCG)’s second quarter.  After raising fears that weather disruptions, fickle consumers and margin issues would dampen the results at this fast-growth Chinese electronics retailer, CHCG today reported blowout preliminary Q2 results.  Net sales are expected to be $81.5-$82.5 million (up 26%-28% year-over-year), and net [...]