China Growth Stocks

[KOkre]

GHII tight AR/cash as usual. Don't always trust management's statement on future expectations. One of their main projects for 2010 ended up being completed about 3 quarters after their initial completion date. Each financial report they said it was expected to be completed in the next quarter.

Either way I'm still incredibly long the stock. The above issues are bad, but at least give the impression they aren't lying about the existence of their operations etc. You definitely can't evaluate the company on any basis less than 1-2 years of earnings.. one quarter is meaningless.