Sino Agro Food Inc (fka SIAF)

[RealUSA]

Does anyone know of a company that imploded this badly (like still showing EPS, profitable) and the stock crashing?

I know there is Enron/outright frauds but I think even those crashed after there were concerns.

Or during the financial crisis there were at least rumors about Bear Stearns.

I've never seen a company crash when the fraud hadn't been exposed or was still making money.

just curious. Even now they point to increasing book value, especially if you adjust down the collateral shares.

The company wants to get a 20% ROCE, heck with a $1 EPS (adjusting down for collateral shares) they could do a buyback and get a 100% return! ($1 buys back the stock, and about $1 in EPS!)