InvestorsHub Logo
Followers 759
Posts 27067
Boards Moderated 2
Alias Born 04/28/2011

Re: k124Inv post# 1700967

Tuesday, 08/30/2016 2:44:52 PM

Tuesday, August 30, 2016 2:44:52 PM

Post# of 2341763
ABAC ~ "As of June 30, 2016, the Company had cash and cash equivalents of $52.44 million, compared to $49.66 million at the end of 2015. Working capital as of June 30, 2016 was $60.70 million as compared to $63.98 million at December 31, 2015. Net cash provided by operating activities was $7.25 million for the six months ended June 30, 2016, compared to $9.11 million for the same period of last year. Net cash used in investing activities was $3.00 million for the six months ended June 30, 2016, primarily for purchases of new equipment for our hog farms. This compared to net cash provided by investing activities of $1.62 million for the same period of last year, mostly generated by our discontinued operations. Net cash used in financing activities was $0.31 for the six months ended June 30, 2016, compared to $3.47 million used in financing activities for the same period of last year."

~This is a legit company with good sized books

https://finance.yahoo.com/news/aoxin-tianli-group-inc-sell-120000822.html

What I say is my opinion and my opinion only! Happy Trading!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.