Thursday, October 09, 2008 11:32:10 PM
Down $0.24 to close at $0.31. Hard to say if there was any reason for the drop or not.
On the company's website from two months ago, it sounds like China is trying to restrict antibiotics to slow the progression of drug-resistant bacteria. That's obviously a negative for the company. On the good side, there haven't been any defaults announced on any of the loans guaranteed by the company.
The revenues have been growing extremely nicely over the past several quarters. If history is any indication, the fourth quarter has been very strong and we're in the fourth quarter now so hopefully they're pulling in a lot of cash.
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