Hmm, yeah, JST....
Earnings 13M for 2010. OCF 2M. Strike one.
Sales 144M, Earnings 13M for 2010. A/R 75M. Strike two.
Sales dropping, earnings dropping, valuation high. Strike two and a half.
But then it's not an RTO... wait, it's better, it's a British Virgin Islands company, so it does not have to file any SEC forms except 20F. It's not a fraud, because it does not need to file fraudulent forms. ;)
Sure, it might not be a fraud, but if that's the best you can suggest on the positive side, you are probably better off not investing in Chinese small caps. :)
maybe the market does no who is legit and who is not.
Yeah, you know market is efficient too. No point in picking stocks or investing. |
