Replies to post #103842 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

is SIAF worth buying at this USD5?

I think so. The risk to the downside is limited now. Think about the good news we received since we traded at $8

- they reported on time with internal controls effective
- contractor financing deal for the MF
- potential consultancy spin-off

Who cares about EPS, right. I just don't see them diluting the stock much here. Heck, if they do another convertible bond for $10 then the stock would probably rally.

But the upside is limited as well I think. The consultancy spin-off is a long shot. A 100% gain this year is not a lot for a stock in such a depressed state. I think I have better, but so far none of them are doing particularly well. So I'm happy with a 15% stake for now.