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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42581)	5/10/2011 11:40:22 AM
From: Madharry	Read Replies (1) of 78475

I dont know that the bad news is all out on this one. I too had concerns about the large a/r balances and exited this with a loss last year i think. The press release doesnt really explain the extent of their losses in my view and makes me really concerned about management, especially considering they didnt even bother with a warning. When I invested in the company it seemed like a logical way to play china over the next decades. just one more nail in the coffin that is investing in chinese small caps. Still suffering with my massive gfre position though. Seems strange to be having such a big loss on a company that supposedly has $2 in cash and is projected to earn $1.80 in 2011. At least the cpa hasnt quit and fidelity hasnt sold their position as far as i know.

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