Why Wait For Tesla Or, A Better Place? Kandi Technologies is Already a Profitable EV & Quick Change Battery Company
Ever hear of China based NASDAQ listed Kandi Technologies (KNDI)? If you haven't, you're not alone.
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.
- 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.
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.
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.
While I have met the CEO once, and
spoken to him through a translator a total of three times, I neither
claim, nor do I care to have, any special access to information other
than what is published both in the US and in the PRC. The latter,
thanks to the Internet and Google Translator, I must add is a
treasure trove of Company information that we don’t see published in
the United States.
Intrigued? The rest of this series will be published over the next few days.
DISCLOSURE: Long KNDI
Arthur Porcari is a retired former regional stock brokerage firm President with 37 years stock market experience. His finance background includes, three years a stockbroker, ten years a brokerage firm President, an OTC Market Maker, twenty three years an Investment Banker to include 14 years as Managing Consultant to Corporate Strategies, Inc. a firm specializing in advising young public companies and companies about to go public on the “Ways of Wall Street”. He currently blogs on Seeking Alpha under “Corstrat” and has in the past been an on-air guest as well has a guest host on Business Talk Radio Network His passion and particular expertise is for small cap emerging growth companies.
He currently is and has been a shareholder of Kandi Technologies since it was first listed for trading in the US.