China Trading Stocks

[hebercreeper]

$AMCO- .09 eps for the quarter and right back to the .14 range.

Until they stop the toxic financing shenanigans, this will be a game. They've run the gamut, from Hanover-Asher-Magna-KBM Worldwide.

I'm not sure why they're choosing to play the game with $70 million available in bank lines.

The AR was a red flag but I saw this in the 10q:

Our accounts receivable increased $28.1 million at September 30, 2014 from December 31, 2013 mainly due to the timing difference between the sales and collections of sales and our collections of scrap metals sales during the quarters. For the account receivable at the quarter end, as of November 7, 2014, approximately $41 million of which has been received and the remaining balance is expect to be received in November and December of 2014.

Management intent not aligning with the retail shareholder at this time. I'm curious to see if they do anything about it...aside from entering into more toxic deals now that they're "profitable".

These special situations can sometimes offer the biggest moves when business rebounds IF company distances from financiers. Guess it just depends on they're plan from here.