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Alias Born | 10/14/2009 |
Monday, November 15, 2010 10:39:05 PM
Revenue might be down in the current Q but so are costs resulting in a much improved bottom line YOY. What's to be hating on around here? Yes, I agree this line from the Q is not very explicative IMO but getting a point across in English is not the Chinese best asset. Hell, after a half-century they still cant get the translations right on a pack of chopsticks at any of my favorite nice chinese restaurant.
We believe that the decreases in sales revenue and sales volume in fresh pork, frozen pork and processed pork products arises from short supply of live pigs
Well maybe a little bit, I guess, but you also sold your markets products much cheaper too when costs where going up and and that might have something to do with it. Trying to increase marketshare and awareness IMO and thats a positive also.
There are just too many long term positives going on here not to mention a stoopid cheep market valuation IMO to be deterred by naysayers or that they dont have the best use of language skills. The numbers themselves and other company aspects impress me enough. Unless this is a complete financial scam it is a solid accumulate at these levels. I got in several months ago at 2.50, doubled down at 1.75, and if this goes down from here this week I will find something to pinch to add more.
I'm hoping all the ads they were putting out looking for more ppl on the lower mgmt team with better english skills indicates their desire to be more transparent and communicative with the investment community, that or hire a competent IR team. Seems to be the big stumbling block currently, that and a better stock exchange - sheesh, look at the P/E valuations that OINK and HOGS are getting...
malc
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