Posts Tagged ‘investments’

Is LJ International a Good Buy?

By: ispeculatornew | Date posted: 11.20.2007 (10:17 pm)

JADE – LJ International (Nasdaq) (Closing Price – $2.18) 

I recommended shorting LJ International earlier this year for a 17% gain. I recommended to cover too soon but my short recommendation was ultimately a smart recommendation. JADE’s stock price rose as high as $13.15 earlier this year but it has now dropped all the way to $2.18 (at today’s closing price).

So what happened to LJ International and is the company worth a buy at the current price?

The problems started for LJ International when they didn’t report their fourth quarter earnings report for 2006 (they were supposed to report near the end of March). In a show of complete disregard for the investors in their company they didn’t even issue a press release stating why they didn’t report earnings. For some reason this didn’t deter investors in the company and the share price of JADE kept going up. (more…)