Nelson (On ETLT.ob) I think Margins are better because Medical Device sales made up a great % of sales this quarter. In fact they made up 58%+ of sales this quarter and was only less than 52% of sales last year. Having said that Net Income was still down y/y if you eliminate the one time gain on sale of assets of 481k.
Now that we got over that, a decline in Medical Devices Sales is alarming, the agricultural I don't care about as much. But a decline in y/y Medical sales is a major concern to me. Declining sales growth in china, doesn't sound that attractive to me. I do not own a position, but I would stay away from this one. Something is screaming at me, that this is a sell. I've owned this one before, but this is the first time I feel like I want to avoid the stock, I'm listening to my gut, I'm generally very good with China stocks, and this one is sending me a signal to get out, I don't own it, so I don't have to worry about it, but just though I would tell people about how I feel on ETLT.OB. Just my opinion and I could always be wrong though.
