Huifeng Bio-pharmaceutical Technology (fka HFGB)

[pappy]

Is every small-cap Chinese stock a fraud?

It seems the market thinks so.

Lets take a look at hfgb.

In spite showing eps accelerating every qtr in 2010 from $0.04 to $0.06 to $0.08 if my memory serves me right.

And having a current B.V of $0.84 & Increasing 2010 earnings guidance by $1M after reporting its 3rd qtr numbers I see a ticker pps of $0.65 today.

This stock has been growing quite well in past years & after reporting 2009 numbers the pps reached $1.40.

Todays pps is down over 50% from that 52 week high.

Its either time to quit investing in China stocks or time to load the boat but I am quite confused by looking at the market action in small-cap China stocks as to which one to do.