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6-Mth Chart
Thanks go out to ddt for original 3-Mth Chart….#msg-53588747
this should keep trending down to the $5-7$ region....increased revenues give potential if they can instill better cost cutting measures.
at the right price this can be just as good as any
revenues up nicely.....NOT profitable....tanking
getting cheap. Zacks has buy rating now.
not sure about the name of this new product haha but at least they are expanding
Huge year-over-year increases and nearly doubling the number of retail outlets. Today the company announce the Chairman purchased, on the open market, $1,000,000 worth of share between $20.66 and $20.88. I think ADY has big upside over the next year and very little downside given this purchase. It trades at a fraction of the P/E of its competitors. It's growing. There is insider buying. The market is growing. There is food inflation in China, which if you are not drinking infant formula this is a good thing for the company. You are investing (most of us) in US Dollars but the stock value is going to reflect the Yuan which is going to increase in value every year until you die. Every stock has downside, every one. Just find the one that has more upside then down and invest in it. This stock will be $40 insdie of 12 months. IMO
reallly?? up on 45% drops in revenues
It is difficult to find a lot of valuable info on Pike Capital, who own nearly 2% of ADY and has before. The last time they bought in around $20 and sold around $30. Now they are buying in again - in large quantity - at about $20-$22, my guess is they are pretty sure this is going back up to $30. One of their previous big holds was Spongtech - not sure how I fell about that but I would lead my to guess they are not long term holders.
ADY seet to announce 4th Q on March 22. China, for the 4th year in a row, has announced that they are going to try to keep their economy to a 8% growth rate. They have failed in each of the past 3 years. China will continue to be an excellent long term investment IMO. Oddity in ADY quarterly report is that it come 30 days out of historical sequence, later then normal. Hmmmmm.
There has been at least three Zack's listing that put ADY @ the top of their Strong Sell and every time the stock has gone up on that day. Anyone our there a Zack's subscriber? Any explanation for their dislike of this stock? Apparently they base their decision on numbers and while one could argue that China is a difficult place to place a value on stocks or trust the data what we are getting does not justify a sell rating - on the numbers side.
were these the sequoia notes that were converted along with the private placement?
taking a closer look here.....like what i'm seeing in revenue growth and history of new sales director
I have been following ADY for several months. I did not buy shares yet because I thought that the price was too high considering the company has not filed a 10-Q or a 10-K form for quite some time.
Recently, the share price sunk low enough for me to take a second look at the company. Unfortunately, I found some **horrible** information that has caused me to remove ADY from my watch list.
ADY's (supposedly) 1% notes for $80,000,000 are **TOXIC**.
Read the following paragraphs from ADY's prospectus dated July 10, 2007:
"The June 2007 Notes bear an annual interest rate of 1%. All the net proceeds will be used for the Company’s working capital and acquisition plan.
Under the June 2007 Notes indenture, the June 2007 Notes are convertible, by the holders thereof, at any time on or prior to maturity, into common shares of the Company initially at the conversion price of $24 per share (subject to adjustment in certain circumstances, including semi-annual reset of the conversion price and upon occurrence of certain dilutive events, in each case subject to certain conditions). If the June 2007 Notes are not converted before maturity, the June 2007 Notes will be redeemed by the Company on the maturity date at a redemption price equal to 100% of the principal amount of the June 2007 Notes then outstanding plus an additional amount of 18.0% per annum, calculated on an annual compounded basis, plus any accrued and unpaid interest."
The current share price (close on Sept 19, 2008) for ADY is $10.34. Do you think the note holder would want to exercise the conversion at $24 per share? Of course NOT. The note holder merely needs to wait until June 1, 2012 when the notes mature to receive 19% (1 + 18) **annual** return.
American Dairy's Feihe Brand Named 'Top Ten Best' by SINA
Tuesday April 29, 9:10 am ET
BEIJING, April 29 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE: ADY - News) one of the leading producers and distributors of infant formula, milk powder and soybean and walnut products in China, today announced that its flagship brand, "Feihe," has been named the "Most Energetic Brand" in the "Top Ten Best Infant Formula" category at the Annual Baby and Infant Industry Ceremony, hosted recently by SINA Corporation (Nasdaq: SINA, "SINA").
The Baby and Infant Industry Ceremony is one of the largest annual events in the industry and awards companies involved in all aspects of infant care, ranging from infant formula producers to baby food and clothing manufacturers. Participating companies are evaluated by a group of industry experts and the public, who votes on the Internet. Nominating companies go through a three-stage elimination process, and receive awards based on their achievements during the year, which include titles such as "Most Socially Responsible," "Most Competitive," and "Most Energetic."
Mr. Leng You Bin, Chief Executive Officer of American Dairy, stated, "Feihe is a nationally established and trusted brand in China. The award speaks to Feihe's growth in recent years and its potential for future growth. We expect that Chinese consumers will continue to seek our brand for quality and consistency."
About American Dairy, Inc.
American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of infant formula, milk powder and soybean and walnut products in China. Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang, http://www.americandairyinc.com / http://www.feihe.com
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Potential risks and uncertainties are set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
http://biz.yahoo.com/prnews/080429/nytu093.html?.v=101
American Dairy Files Lawsuit Against Former Auditors
Friday April 18, 4:01 pm ET
BEIJING, April 18 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE: ADY - News), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, announced today that it has filed a lawsuit against its former auditors Murrell, Hall, Mcintosh & Co, LLP ("MHM") and Henny Wee & Co. ("HW").
As previously reported, in the third quarter of 2007, American Dairy received a letter from the Division of Enforcement of the Securities and Exchange Commission (the "Commission") indicating that the Commission is conducting an informal investigation and requesting that the Company produce certain documents and information. Substantially all of these requests related to the individuals and entities that provided accounting or certain advisory services to American Dairy, including MHM and HW. In performing its audits of the Company's year end financial statements, MHM relied on the audit field work of HW, an affiliated firm in Hong Kong. The Company dismissed MHM as its independent registered public accountants in December of 2007.
The complaint, filed in United States District Court in the Western District of Oklahoma, alleges that MHM breached its duties of due care and professional competence by failing to perform its audits of American Dairy in accordance with professional standards of care, in that MHM improperly and negligently (i) accepted HW's representation that it was independent and otherwise failed to make sufficient inquiries concerning HW's independence, and (ii) permitted HW to perform such a significant and material part of the audit work such that MHM should have evaluated whether it could act as principal auditor and report on the Company's financial statements.
The suit seeks to recover compensatory damages of no less than $10.0 million.
About American Dairy, Inc.
American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of branded, premium infant formula, milk powder and soybean, rice and walnut products in China. Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang. http://www.americandairyinc.com or http://www.feihe.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Potential risks and uncertainties are set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT
In the U.S.:
Integrated Corporate Relations, Inc.
Ashley Ammon MacFarlane and Wei-Jung Yang
203-682-8200
INPLAY ... 8:03AM American Dairy appoints Jonathan H. Chou to chief financial officer (ADY) 11.00 : Co announces the appointment of Jonathan H. Chou as Chief Financial Officer of American Dairy. Effective April 15, 2008, Mr. Chou will succeed Roger (Hua) Liu, who has assumed the role of Vice-Chairman of the Board. Prior to joining ADY, he served as Asia Pacific Corporate Chief Financial Officer and Vice President of Mergers & Acquisitions of Honeywell.
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