Some Due Dilligence on GPRC:
sharestructure: 8M float - 20M outstanding
EPS 2011: $0.64
P/E @$1.17: 1.83 ( thats a joke )
Book value: $1.65 http://www.dailyfinance.com/quote/nasdaq/guanwei-recycling/gprc/key-statistics
GPRC financial overview: no dilution , no short term nor long term debts! http://data.cnbc.com/quotes/GPRC/tab/7
companies website: http://www.guanweirecycling.com/
They just recently got their 10-K behind them and blew away earnings.
By the way they have switched over to Friedman LLP which is also a very good and trustful sign of a legit company!
We have a winner here and shorts gonna have a very hard time next week imo
On February 7, 2012, the Company engaged Friedman LLP ("Friedman") to serve as its independent registered public accounting firm with immediate effect. The decision to engage Friedman was recommended by the Audit Committee and approved by the Board of Directors on February 6, 2012.
Guanwei Recycling 2011 Net Income Rose 29% on Record Revenues Up 34% Year Over Year http://ih.advfn.com/p.php?pid=nmona&article=51838243
"Global Hunter changed their policy with regards to Chinese stocks, stating they wouldn't cover them unless these companies would agree to be thoroughly checked out by GeoInvesting, China 360 and other firms like that. Many companies wouldn't agree to this, not to mention the extra expense involved, but GPRC stepped up to the plate and said "no problem." They passed their review with flying colors and Global Hunter covers GPRC." Joe Natural
2011-02-28 Global Hunter Reiteration Buy target $7.00