3SOF

ETLT update (6.2.07) from their webpage:

A)
Major Strategic Investments   (6-Feb-2007)

１.
Invest US$37 million for breeding US fine breed dairy cattle. The project consists of two parts. In the US, we will establish a plant for producing fine breed dairy cattle embryos. In China, we will purchase local cattle as recipients, rent lakeside grassland, and build modern stables and facilities to initialize setup of livestock production.

２.
Acquire medical equipment company – E-Sea International. It is the only company in China to own the exclusive technologies of digital mammary gland detector. The detector is able to locate cancer 2 years earlier than other devices. The accuracy reached 96%. Breast cancer, following lung cancer, is the second frequently occurred cancer among women. According to World Health Organization, 1.2 million people were diagnosed breast cancer during 2004. The earlier the breast cancer is identified, the better it is for treatment. World Health Organization launched a program to control breast cancer. Various women organizations in China are providing special examinations for millions of women each year. These programs create a market for promotion, application, and update of the digital mammary gland detector.

３.
Acquire a medical marketing network – Shenzhen *** Drug Store Management Co., Ltd. and enter marketing area for medical products. The company is promoting a membership to integrate medium and small medical retailing companies and set up a joint purchase platform. The goal is to lower purchase cost and to make member companies more competitive. It has 40 member companies in 20 provinces and cities. There are 4,000 drug stores under such companies.

４.
To develop hi-tech products – Digital Medical Technology. Electromagnetic data are collected at acupoints on human body. The health status of the patient can be obtained by analyzing the balance of the electromagnetic system and then be compared with standard models so that abnormal areas are located. Adjustments and treatments will focus on the abnormal areas. This technology can be used extensively in diagnosis, treatment, and health care.

５.
Expand to Southeast Asia. We are going to pursue opportunities to expand ETLT business into Southeast Asian markets by building key business contact based on geographic advantages.

link:
http://www.eternaltechs.com/ShowPrespective.asp?id=54

&

B)

Strategic Transitions   (6-Feb-2007)

１.
Relocate to Southern China where resources are more abundant compared to the harsh Northern climate

２.
Build from original agriculture development methods to highly sophisticated leading edge technologies

３.
Expand the business internationally to capture key global market

link:
http://www.eternaltechs.com/ShowPrespective.asp?id=53

An interesting post from Raging Bull. Any thoughts?

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http://ragingbull.quote.com/mboard/boards.cgi?board=ETLT&read=7004

By: stanu78 
10 Jan 2007, 12:24 PM EST

My take on ETLT (mainly for newbies. I thought I post it here too).

Supposedly their numbers speak for itself (provided the numbers are real).Eternal Technologies (ETLT.OB)

Company Website : http://www.eternaltechs.com
Market Cap : $23M-$24M
Share price : $0.57-.$0.60 (recent price)
Diluted outstanding : about 40M shares
Preferred outstanding: 0
Cash + ST investment : $40M ($1 per share) (mostly restricted cash)
LT Debt : $0
Earning : $4M+ (and has been profitable for several years)
Retained earnings : $35M
Sales : $23M
PE : 6
Book value : $53M ($1.3 per-share)
Tangible book value : $47M
P/tangible book : < 1

ETLT is based in China. I would call them a conglomerate business (diversified business). They deal mostly agriculture industry (except the breast cancer first screening/detection business i.e. E-Sea) and looking to enter some other industry (such as microdisplay business). Their agriculture business area also diversified ranging from meat and embryo business, to mango planting and turtle breeding project (the latest on is a very new venture owning 22% of a turtle breeding project). The embryo and meat business is slowing down therefore (which is not the sole cause) they are looking for other new businesses to invest (as they want to grow plus they have ample cash to use).

ETLT stocks has been low (low valuation) for a long time even the company performance has been great ($4M+ earning per year while building more cash balance) and there is no guarantee (nor that I am confident) that it will be any different in 2007

ETLT valuation is so low that many people think it is a fraud. I heard many people said that ETLT is cheaper or better buy at $1 or $2, which doesn't seem to make sense to me (I ask ed them and they explain that by that price there surely will be more info/ more people confident with the company)
The other scenario is maybe it is indeed a fraud (as some investors told me that some of ETLT key management used to be with CHCL), therefore the stock is always what it is (super low valuation). and what funny is, even those who believe ETLT is a fraud thinks it will touch $2 before eventually go to $0 (and some did buy though believing there is a huge chance of fraud). Weird isn't it.. ?

Some other concern that many investors had:
The nice cash position is restricted cash (can only be used in PRC) since they get favorable tax treatment (no income tax for their agricuture business for many years to come which is nice ). This restricted status has been questioned by many investors, as to, "does the cash really exist if they can't be used outside China?" and the question whether the cash can be used to buy back shares or pay dividend (basically returning the cash to the owner/shareholder) was never answered clearly/directly. So does shareholder (us) really own the company, their cash and their asset? I'd let you be the judge..

As for me, I'm giving ETLT management the benefit of the doubt that this time around they will do the right thing and will eventually bring value to the Shareholder.

Stan
PS: This is not a recommendation for an investment. Investment in ETLT is risky and you can lose all your investment. As a disclosure, I'm holding about 120K shares of ETLT in my microcap portfolio at average cost of .49 per share, so if ETLT goes under, I will lose some money too (I'm putting my money where my mouth is).
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S.T.E.P.S entry?


...also, several threads could be merged.


Jody

  ???Oh crap, this has got to be some kind of record.   

"ETLT.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                              
All history on a stock pick in 1 thread is awesome.                            
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.        
Thank You....and good luck with all your trades....make some $$$            

Some news today and a LOT of volume.

Eternal Technologies Group, Inc. Reports Record Revenues and Record Earnings for the Year-Ended December 31, 2006
http://biz.yahoo.com/bw/070403/20070403005870.html?.v=1

Chart is a 2yr weekly...

the weekly chart is showing an approaching Golden Cross...on the monthly, however, it looks like it may want to test the 200dma?

Any thoughts?

ETLT.ob looking very strong as of late.  There was an overreaction to the fact that they asked for an extension in the latest earnings report.......numbers looked good overall.  We'll be off to new highs by the end of year.

I added on the 200 day retest and am still holding...back above 9sma

Chart update:

Is ETLT.ob on fire?  No!  But lets call this technique "bottom fishing"!

ETLT.ob just went down testing again a 2 years ascending trendline.

My take is,...  this trendline looks strong enough to hold another few months, even a full year

Doing the math, I notice, this trendline for 2 years had a slope of 0.23$ per year!

If ETLT.ob hold for another year this trendline,
we will all do very well in 12 months time---> 38,33%

Even half a year would do for me!(19,16%)

Getting in at 0.60 today will provide you with a brilliant return of 38,33% as long as ETLT doesn't cross the support line during the entire year.

   0.23 / 0.60 * 100 = 38,33%

If the trend goes against us, I would sell below 0.545$,
so this would be accounted for a maximun of 10% lost
the 38,33% gain in 12 months time gives us a confortable gain/lost ratio of 3,8!

Good luck all!

Here is the friday update of the 3 years chart for ETLT.ob

Did you notice in the last 6 days  the insistence of ETLT.ob 
to stay over the 0.60$ mark at the closing day?

The chart shows than the last 2 years
July - August period was the lowest of the year...

Are the traders on holydays
or just a bit of weakness from the 2° financial quarter???

Any opinion is welcome!

Good move...

Wow, way undervalued, this is a sure double in a month or so. My DD pegs this stock as an extreme buy. It should be worth twice as much right now so I give the market a month to find and buy this stock and correct it to its real value.