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Traderfan

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Traderfan

Re: Watchdog19 post# 2541

Wednesday, 05/19/2010 5:28:39 PM

Wednesday, May 19, 2010 5:28:39 PM

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Watchdog

But given the recent price decline in crude, yes, LPIH will come out on the wrong side of this bet this quarter.


You are wrong on that. Please check out this excerpt from the recent earnings PR:

Additionally, we purchased a significant amount of inventory leading up to the recent price increase announced by the PRC government on April 14, 2010 and should see the full benefit of the price increase during the fourth quarter."
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