Chinese Update

Well, I was right. CHCG earnings were a goose egg and the stock was down 13% yesterday. CSKI was good and they went up about 5%, I thought CEU was good, and they started up about 6% but over the day trickled back to flat. Finally, KHD had a good follow-through day as I predicted and were up another 60 cents.

I did buy a new Mechanical portfolio stock: IDCC. They had just entered the top 30 screen and I liked their story. Here are their stats:

		idcc
+	Operating Income After Depreciation	107.55
-	Minority Interest - Income Account	-
=	Income for Calculation	107.55
	Diluted Shares Outstanding	43.819
	Share Price	23.43
+	Market Cap Calc	1,026.68
+	Preferred Capital	-
+	Debt in Current Liabilities	0.59
+	Long-Term Debt	0.54
	Cash and Short-Term Investments	429.72
-	Excess Cash	429.72
=	Enterprise Value	598.08
+	Property Plant and Equipment - Net	10.02
+	Receivables	204.67
+	Inventories	-
+	Other Current Assests	83.86
+	Working Cash	-
-	Accounts Payable	4.50
-	Current Liabilities - Other	206.00
=	Invested Capital	88.04
	Earnings Yield	18%
	ROIC	122%

Of course, about 4 hours after I bought them, they lowered revenue guidance for q4 (sigh) as shown here (InterDigital sees Q4 revenue below market expectations). If there is any sort of additional sell off, I will be looking to add to LIWA and UTA, as I thought they sold off too much this week. That will not be a MFI purchase.

Finally, I will shortly be selling my WILC... probably on the next decent volume day as I am up over 200% on them and my year is virtually up - they are in IRA, so taxes are not an issue (yet).