Replies to post #17964 on China Growth Stocks

[joenatural]

I've never liked the stock and would avoid it like the plague. The company refused to discuss the V.A.T. tax issue with me and blew me off. Their management gave some B.S. EPS guidance earlier in the year and it was total garbage. Although I played it from .28 to .40 at one point, I sold it the day they blew me off and I haven't looked back. The stock ran to .90 or so, but this is a risky play and with this one, it's just better and smarter to wait for the company to produce solid numbers before taking a chance ............

"I would like to hear some thoughts on my DD with CCGY?"

[Huggy Bear]

I have to agree completely with joenatural on this one wisconsin. Biodiesel, whether in the US or China or anywhere, is problematic in the best case and the road to BK more likely IMO. Just take a quick look at the NYSE traded Gushan (GU) which was supposed to be China's biodiesel darling. Q3 09 they reported a 71% decrease in revenue resulting in a .14 loss for the Q. Of course they say they are still strong and looking forward to a future recovery - they all say that.

The brief history of biodiesel stocks is like reading about little big horn - a complete bloodbath. I wouldnt touch CCGY, especially with so many others with proven earnings and greater potential all over China. All IMO of course, i would shop on...

malc