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pmony5

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pmony5

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Thursday, 01/06/2011 12:40:17 PM

Thursday, January 06, 2011 12:40:17 PM

Post# of 94785
CGA piling on .. China Green Agriculture downgraded to Sell at Brean Murray; tgt $6 (7.32 -0.79)Brean Murray downgrades CGA to Sell from Hold and sets target price at $6 saying it's has been more than three months since CGA management mentioned it will show proof to address investors' questions regarding its financial integrity. Firm says they have yet to see meaningful response and evidences. Given the continued concerns regarding management's passive actions in addressing its accounting issues, confusions regarding Gufeng's integration and capacity expansion strategies, and potential shareholder dilution with $200 mln shelf outstanding, they believe that CGA will underperform the overall market in the next 12 months
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