Wednesday December 16, 2009
In his The Oberweis Report, small cap expert Jim Oberweis, Jr. looks to China's Home Inns & Hotel (NASDAQ: HMIN), which operates a "rapidly expanding network of economy hotels."
"Having become one of the best-known economy hotel brands in China, Home Inns caters to the fast growing population of value-conscious individual business and leisure travelers who demand clean, comfortable and convenient lodging.
"Home Inns was founded in 2002 and today operates 583 hotels in 113 different cities across China, after opening 36 hotels during their latest reported September quarter.
"Approximately two-thirds of their hotels consist of leased-and-operated hotels, with the rest being franchised-and-managed hotels.
"In the company’s latest reported third quarter, net revenues increased approximately 37% to $100.1 million from $73.1 million in the third quarter of last year.
"Home Inns reported earnings per share of $.16 in the latest reported third quarter versus $.08 in the same quarter of last year.
"Clients of Oberweis Asset Management own approximately 465,000 shares. These shares may be appropriate for risk oriented investors."
