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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: reno4 who wrote (42466)	4/29/2011 1:43:30 AM
From: Madharry	Read Replies (1) \| Respond to of 78548

I answered to someone privately already. But GFRE is really a much different company than great lakes. great lakes has finished product they can stock on their shelves, i think they actually contract to purchase their bromine from someonelse like a gfre. now the bromine is extracted and sent to the purchaser directly. I am speculating that if they dont have a purchase order they dont extract the stuff because it is so volatile, so if they have inventory it would either be for their own use to make into an end product, or their end product, or there is some shipping/production/timing issue. the real question is whether the cash and accounts receivable are real. I am not concerned with the inventory number and while Bronte capital might have profited, It doesn seem like great analytical work but might be a good starting point to delve deeper into the situation. but again I have never looked at financial statement that were certified with the idea that they are likely fraudulent. I suppose that might be something to consider before investing in a foreign company in the future. trying to compare it to other companies in the field and seeing where they differ.