China Growth Stocks

[Drexion2004]

CNTF: I don't think one NEEDs any such conspiracy-theory to stay away from this name at this point -- At least I don't. Everyone knows i've been cautious on the name simply due to disliking the industry/etc -- But what they did last quarter is inexcusable.

The fact is, management flat out LIED to everybody when they talked about Q2 -- And then came out with completely contradictory results a few weeks later. That removes all credibility they might have had with shareholders.

Its bad enough when a company does not 'update guidance' when a extremely bad quarter is coming (Which is forgivable IMO), but when they lie? Walk away and don't look back. Period.

RIP.

If they actually USE a good chunk of cash and do a buyback? I'll reconsider the facts at that time. Until then, let the funeral song continue.

-Fernando