YHGG...Not sure what the deal is with Beiren, but Gansu Hongxin looks to be a very large auditing firm that audits many large Chinese publicly traded companies. Anyway, re: YHGG, we're not talking about a $100 stock here. It's a $0.60 stock that has a $12.31 book value, projected FY2011 EPS of $0.75, is in the agriculture business, has what looks to be a strong auditig firm (audits 10Q's also), has OVER $2 BILLION in assets, is reducing liabilities QoQ, is selling product to MAJOR clients in China such as KFC, McDonald's, Tsingtao Beer, ect, and has lined up at least 3 major investment shows this year. YHGG is well worth a long term crap shoot trading at just over a half a buck IMO. If they get to just 1/10 of their book value, it's a 100% gain from here. If they get to their projected FY2011 EPS it's a 21% gain from here. And IF they ever uplist, the stock price will go through the roof. The stock price rose approx 5x on fairly low volume within a few days of when Yasheng started updating their filings... http://finance.yahoo.com/q/hp?s=YHGG.PK&a=02&b=30&c=2010&d=03&e=30&f=2010&g=d
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
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