Best Investments: Why wait for Tesla or, A better place? Kandi technologies is already a profitable EV & quick change battery company

Friday, October 15, 2010

Why wait for Tesla or, A better place? Kandi technologies is already a profitable EV & quick change battery company

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Why Wait For Tesla Or, A Better Place? Kandi Technologies is Already a Profitable EV & Quick Change Battery Company | Alternative Energy Stocks

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Why Wait For Tesla Or, A Better Place? Kandi Technologies is Already a Profitable EV & Quick Change Battery Company Part I
Arthur Porcari.

Ever hear of China based NASDAQ listedKandiTechnologies (KNDI)? If you haven't, you're not alone. No financial writers, no analysts, andno significant institutions or funds are interested. But theyshould be. This series will go into the reasons why.

In partII, we'll look at the company'sbusiness and history :

Kandi is already selling EV mini-cars by thethousands. Kandi landed a joint venture with three multi-billion dollarCompanies for quick-change battery charging, with the first stationsopening in November.Owns a mortgage free modern tenbuilding, 2.7 million sq.ft., 400 acre complex with manufacturingpotential of over 100,000 vehicles per year. In partIII, we'll look at Kandi's financials: The first six months 2010 revenuesup 91.5% to $18,166,224 and net income up 383.5% to$1,010,782.

They are sufficiently capitalized and led bya highly experienced and “connected” CEO and 60% controllingshareholder. In partIV, we will look at the company's current valuation and where Ithink it willbe heading.Kandi's second half 2010 top lineshoulddouble, bottom line should quintuple.

The company is significantly undervalued.They have been continuously profitable and trading underreplacement value.The stock is trading at 50% off its high year to date. I have closely followed KNDI and have been a shareholdersince the day it started trading in the US in mid 2007. This isa company led and controlled by a very conservative non-Englishspeaking, well connected, very wealthy, CEO who even to this daystill personally guarantees the majority of its debt. Not because hehas to as I will discuss later on in the Asset part of this tome, butbecause it keeps the cost of money down. (Know of any other NASDAQCEO’s who only hold 60% of the current 21 million shares and ispaid an annual salary of $24,000 a year that has that much confidencein his company? I don’t.) When I say conservative, I am speaking ofa man who flies coach, hates to announce anything until it is doneand almost always surprises on the upside.While I have met the CEO once, andspoken to him through a translator a total of three times, I neitherclaim, nor do I care to have, any special access to information otherthan what is published both in the US and in the PRC. The latter,thanks to the Internet and Google Translator, I must add is atreasure trove of Company information that we don’t see published inthe United States.

Intrigued? The rest of this series will be published over thenext few days.
DISCLOSURE: Long KNDI

ArthurPorcariisaretired former regional stock brokerage firm President with 37years stock market experience. His finance background includes, threeyears a stockbroker, ten years a brokerage firm President, an OTCMarket Maker, twenty three years an Investment Banker to include 14years as Managing Consultant to Corporate Strategies, Inc. a firmspecializing in advising young public companies and companies aboutto go public on the “Ways of Wall Street”. He currently blogson Seeking Alpha under “Corstrat” and has in the past been anon-air guest as well has a guest host on Business Talk Radio NetworkHis passion and particular expertise is for small cap emerging growthcompanies.

Hecurrentlyisandhas been a shareholder of Kandi Technologies since it was firstlisted for trading in the US.

Posted by Guest Contributor on September 15, 2010 01:23 PM | Why Wait For Tesla Or, A Better Place? Kandi Technologies is Already a Profitable EV & Quick Change Battery Company

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