While looking at TSTC, another China company, I noticed they also suffered a very large accounts receivables. It appears that in this case, the work is done on credit with a one year term. Another company or bank is used to make the collections. I also noted that their q4 estimate is quite similar to CPHI, 20-30% growth. Oh yea...Hello. I bought a few CPHI the day after the first big volume...about three weeks ago? Liked the estimates and the chart. It looked like the beginning of something. Nice flat technicals ready for some action and a big volume boot to get things going.
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