Sunday, April 22, 2012 4:29:59 AM
I had SCEI on my list of risky stocks for over a year until I dug a little deeper.
I noticed that some of the people I know (who do a lot of DD) were invested in the stock so I increased my efforts.
The class action lawsuit against the company resulting from the short attack was dismissed by the judge. What this tells you basically is that there is no evidence of fraud. There was a 2nd amendment and this is probably why the company never announced it. But it was on the law firm's website.
They are increasing capacity from 1.1M MT to 2.9M MT this year so the growth story is there.
The business model is really simple and I think the stock will do well with the crowd.
SCEI had its cash and assets verified by an independent third-party but I already owned the stock by then.
http://finance.yahoo.com/news/sino-clean-energy-inc-announces-133000256.html
I think they are in a sweet spot with rising oil prices.
And I like my stocks with a P/E of 1
The company is learning and making all the right moves, IMO.
It's one of my favorites now.
A lot of the stocks I own already took off but fell back in recent weeks for some reason, including SIAF.
Not to worry, It'll come.
I noticed that some of the people I know (who do a lot of DD) were invested in the stock so I increased my efforts.
The class action lawsuit against the company resulting from the short attack was dismissed by the judge. What this tells you basically is that there is no evidence of fraud. There was a 2nd amendment and this is probably why the company never announced it. But it was on the law firm's website.
They are increasing capacity from 1.1M MT to 2.9M MT this year so the growth story is there.
The business model is really simple and I think the stock will do well with the crowd.
SCEI had its cash and assets verified by an independent third-party but I already owned the stock by then.
http://finance.yahoo.com/news/sino-clean-energy-inc-announces-133000256.html
I think they are in a sweet spot with rising oil prices.
And I like my stocks with a P/E of 1
The company is learning and making all the right moves, IMO.
It's one of my favorites now.
A lot of the stocks I own already took off but fell back in recent weeks for some reason, including SIAF.
Not to worry, It'll come.
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