China Growth Stocks

[Drexion2004]

Tstc: if it was only tstc you would be right that it is a big red flag... But since it is the same for all peers in the same industry, the large dso only becomes a unfortunate part of the industry business model. This has an impact on working capital, what organic sustainable growth is, etc... But it is unfair, IMO, to use the slow rate of collection as a reason to call the company a fraud and to write it off...

-Fernando