(I Wall Street News) Beijing October 22, Chinese corn consumption of alcohol producers Bo Yun (BORN, 15.99, -6.49%) shares tumbled after the opening bell today, as closing at $ 14.05, fell 25.27%.
Specializes in high-growth companies or the Chinese concept, and had previously questioned China Green Agriculture (CGA, 7.28, -4.96%) today, an analyst with Alfred Little, wrote on the site Seekingalpha, sea salt Yun Bo started production in the consumption of alcohol technology and lack of experience, product line by the Guangdong Branch Tianyuan Technology Co., Ltd design and construction of new energy.
Alfred Little article also pointed out that the sharp words, Bo profit margin before and the current existence of fraud, artificially enlarged by at least three times, while earnings per share is to be 4 to 5 times exaggerated. According to his personal judgments, Bo run this year, Q1, Q2's gross margin should be 6.43% and 7.08% is far lower than reported in the SEC document 222.4% and 3.6%; For the same period earnings per share should be $ 0.10, and 0.09 U.S. dollars, far less than the company reported $ 0.43 and $ 0.46.
Original text written by analyst Alfred Little |
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