morseb : Kandi Technologies is a 'sweet' story
No financial writers, no analysts, and no significant institutions or funds are interested. But they should be. This series will go into the reasons why.
In part II, we'll look at the company's business and history :
?Kandi is already selling EV mini-cars by the thousands.
?Kandi landed a joint venture with three multi-billion dollar Companies for quick-change battery charging, with the first stations opening in November.
?Owns a mortgage-free modern ten building, 2.7 million sq.ft., 400 acre complex, with manufacturing potential of over 100,000 vehicles per year.
In part III, we'll look at Kandi's financials:
?The first six months 2010 revenues up 91.5% to $18,166,224 and net income up 383.5% to $1,010,782.
?They are sufficiently capitalized and led by a highly experienced and ?connected? CEO and 60% controlling shareholder.
In part IV, we will look at the company's current valuation and where I think it will be heading.
?Kandi's second half 2010 top line should double, bottom line should quintuple.
?The company is significantly undervalued.
?They have been continuously profitable and trading under replacement value.
?The stock is trading at 50% off its high year to date.