CNinsure: An Undervalued Chinese Dividend Stock With High Options Yields and Great Earnings

Looking for undervalued, Chinese dividend paying stocks with strong earnings that will share in China's future growth? Take a look at CNinsure, (CISG), a dividend stock whose Q3 2010 net income rose 43%, and revenue rose 30%. After CISG reported these stellar Q3 earnings, the stock got beaten up in the market, (probably by short sellers - the short float is at 7.10%) before bouncing right back 13% the next day, when the firm's officers did the right thing and said that they'll be buying shares of their company. The CEO Yinan Hu said in a statement that the purchase is an act of confidence in CNinsure's stock, and said CFO Peng Ge will also purchase shares. Hu didn't say how much stock the managers planned to purchase, but said the shares were undervalued. CNinsure President Qiuping Lai attended a Forbes Asia dinner in Hong Kong on Tuesday, and said that business prospects were good, without referring to any specific earnings figures. During the earnings call, CEO Hu said:... Read more

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