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Check out Little Sheep IPO
Tony Sagami (June 4th, 2008) Writes:
The name may sound funny, but the Little Sheep (0968.HK) restaurant chain is a business well worth your investigation. Little Sheep is a chain of 'hot pot' restaurants that is famous for its Mongolian-style mutton dishes. Little Sheep is a huge business in China. In 2006, it grabbed an amazing 11.8% of all the full-service restaurant business in China! There are currently around 350 Little Sheep restaurants around China, but the company will be using the IPO proceeds to finance an aggressive expansion plan. At 27 times 2008 earnings, it is a little pricey, so I would wait for a pullback. You will have to wait though because U.S. investors are not allowed to buy Hong Kong IPOs for 40 days.
Tags for this Post:
Aggressive Expansion, Asia, Business In China, China, earnings, Expansion Plan, finance, Funny, Hk, Hong Kong, Hong Kong, Hot Pot, investors, Ipo, Ipos, Little Sheep, Mutton Dishes, pullback, Restaurant Business, Restaurants, Stocks to Watch
Aggressive Expansion, Asia, Business In China, China, earnings, Expansion Plan, finance, Funny, Hk, Hong Kong, Hong Kong, Hot Pot, investors, Ipo, Ipos, Little Sheep, Mutton Dishes, pullback, Restaurant Business, Restaurants, Stocks to Watch
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