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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (39223)9/12/2010 9:38:00 AM
From: gcrispin2 Recommendations  Read Replies (1) of 78714
 
I'm holding my shares, so I'm betting that the numbers add up. As much a the attention has turned to Chinese micro-caps, it should be noted that bad numbers aren't limited to Chinese stocks least we forget about Enron, Worldcom, AIG. etc. (Irish banks anyone?) Trusting any company is a bit of a leap of faith these days.

But, I agree that involving Deloitte is a step in the right direction. Having them take over the account would be even better.

But, so far, there has been no indication that GFRE is cooking the books. Sites that have studied both the SEC and SAIC reporting have not mentioned GFRE.

chinesecompanyanalyst.com

GFRE is suffering more from having BDO limited as their auditor.

seekingalpha.com

One must remember that GFRE is a company that deals with commodities. Factors that have increased the price of bromine have been corroborated by other international companies.

haaretz.com

finance.yahoo.com

So I plan to hold and will consider buying more on further weakness.
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