$Kandi Technolgies (KNDI.US)$ find me another company in the...
$Kandi Technolgies (KNDI.US)$ find me another company in the world that has a cash position better than this one.
The market cap is 120 million
As of June 30, 2024, Kandi held $219.6 million in cash and equivalents, restricted cash, short-term investments, and certificates of deposit.
just think about that for a moment someone could buy the entire company right now, walk into the bank. withdraw all of that money and make a 54% return on their money and then completely throw away everything else that the company has all of the contracts all of the manufacturing all the real estate all the tools the dies everything that the company uses the machinery the CNC equipment everything throw it away. Throw everything away and you made 54% return on your money.
If people understood this this stock would be sitting at $10 right now.. this company is trading at one times revenues that's ridiculous.
spread the word people because the stars are aligning Chinese stocks are in favor for the first time in a decade and everyone wants to buy something that has not yet moved.
if this company can have 2 million shares of mine in one day it's $10 and look at the spikes in the past it's gone to $18 it's gone over $20 and that was when the company had virtually nothing in sales compared to today and we're nowhere near as well capitalized and had no USA distribution or sales.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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CEO of Apes : But doesn’t that mean they’re using their cash inefficiently? I mean it’s nice that they got cash on hand so they wouldn’t go into debt but wouldn’t it be better if they use more of that cash on operations to increase revenue/growth? (Also I’m assuming that their currently out of all debt)
10baggerbamm OP : they're constantly revising they're off-road electric vehicles coming out with new models. they have a 3-year exclusive with Lowe's they're only in 20% of the stores now they'll be in 50 by the end of the year and 100 by next year they signed a deal with Academy sports to be in all 290 Plus stores in the United States that's happening now. the CEO in June said they're planning on having revenue next year of $500 million. I say they're gross is looking pretty optimistic. but that's fundamentals and Chinese stocks are rallying because they've been depressed for many many years.
your first top-tier stocks have already moved 15 to 20% this past week and what's going to happen is people will start to look at what has not yet rallied where were they when the Chinese market was strong where are they now and then they look at do they have a product or service are they making money. and this company checks all the boxes. a lot of people throw around the term book value
they say a company is trading at book value or below book value. the problem with this is you're assuming a bankruptcy and you're assuming that the valuation of the assets as they say they are are going to hold up in a liquidation. and that is never the case and everybody can agree that you may say an item is worth X dollars but when it's sold at auction it's worth 10 to 15 cents of X dollars.
KNDI IT TRADES AT A 54% DISCOUNT TO CASH MONEY THEY HAVE IN THE BANK. ASSUMING ZERO VALUE FOR ANY MANUFACTURING ASSETS ZERO VALUE FOR INVENTORY ZERO VALUE FOR ANY CONTRACTS TAKE ALL OF THAT TO ZERO AND THE COMPANY TRADES AT A DISCOUNT TO CASH MONEY IN THE BANK.
10baggerbamm OP CEO of Apes : additionally the company has bought back 674,000 shares in the open market this year with an average cost of $2.25.
while many companies to raise money dilute shareholders and sell stock. this company is not doing that they believe actually the best place for their cash is buying back their own stock, you know like Apple computer does.
and when you look at this company and let's just use another comparison unrelated industry but a company that everybody is familiar with.
10baggerbamm OP CEO of Apes : pt 2
SoundHound I was in this company a year ago February I had a very large position between stock and warrants I had million into it.
it had horrible volume nobody was buying it there were days 100,000 shares 150,000 shares was a great day. and I was telling people that there's going to come a time where the stocks going to trade several million shares every single day because the story will get out. and it did but the problem is every time the stock rallied they diluted shareholders so in less than 2 years the floats up by almost 300%. and the company's trading at 25 times revenues. and they're doing 60 million in revenue and they're losing money. and they're not going to earn a dime until best case scenario the end of 2025. and they have a shelf offering that they can go to that's approved at any time and Duluth shareholders further if the stock rallies. the irony is people still buy the stock every single day despite all of these conditions that exist they still buy it because they think it's going to trade higher that's the only reason.
KNDI
they're buying back stock they're not diluting shareholders
they are profitable
they trade at a significant discount to the cash money that's in the bank account
they traded one times revenues
the entire Market of Chinese stocks has been depressed for many years and it just got jump started this past week and you have billionaire investors (Tepper) that are saying buy everything Chinese.
I'm not going to sit here and pound the table demanding people by this stock ultimately it's your choice since you an adult you earn your own money you have to decide where you want to invest it. you could buy Apple you could buy Nvidia they may go up they may go down..
I look at risk reward .what is the downside to this company $1.50 maybe, what is the upside ? it's been over $20 in the past...
it's your choice