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Ecomike

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Ecomike

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Re: None

Thursday, 07/29/2010 1:23:10 AM

Thursday, July 29, 2010 1:23:10 AM

Post# of 301
Earnings came out:

http://ih.advfn.com/p.php?pid=nmona&article=43785265&symbol=CBAK

Most of it looks pretty encouraging, and it looks like they cleaned up the books all at once (which shows up as a larger than expected loss this time, that is mostly a non cash loss, write down of obsoltete inventory, and price reductions to trim inventories, and plan on showing a profit next quarter, IMHO.

Now I know why the price has dropped 50% last 3 months other than just a market wide sell off, somebody knew this was coming?
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