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Jim Simons' Stock Charm Communications Jumps 26.5%
Posted by: guruhl (IP Logged)
Date: April 6, 2012 12:05PM
Jim Simons' Charm Communications (CHRM) is up 26.5% today, the most of any guru-held stock. Charm is the largest domestic Chinese advertising agency group. Charm Communications ADR has a market cap of $71.7 million; its shares were traded around $11.44 with a P/E ratio of 8.1 and P/S ratio of 0.3. The dividend yield of Charm Comm-adr stocks is 3.3%.
Simons, founder of private investment firm Renaissance Technologies LLC, owns 21,000 shares of Charm Communications.
For fiscal year 2011, Charm's total advertising turnover or billings grew 37% to $875 million, 2.5% higher than the rate of China's overall advertising market. GAAP revenues for 2011 grew 45.6% to approximately $280.1 million. Gross profit grew 23.2% to approximately $84.5 million and the gross profit margin for 2011 was 30.2% compared to 35.7% for 2010.
See Jim Simons' complete portfolio here.