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Holly LaFon
Holly LaFon
Articles (7527) 

Jim Simons' Stock Charm Communications Jumps 26.5%

April 06, 2012 | About:
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.

Rating: 4.5/5 (6 votes)


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