Replies to post #116 on China Agritech (fka CAGC)

[Blitzkrieg9]

That sucks, but thanks for posting it. Def some good points raised about the ratios and valuation. I'm still holding my remaining shares LONG.

Where did you find this?

blitz!

[Johnstone]

Good luck on that. The new news is much bigger profits than expected. Cramer and First Call should both be em-bare-assed.


Q2 earnings up 266%
This is from a Wall Street On Demand alert I got this morning.

China Agritech Inc announced 2009 second quarter earnings of $0.88 which is $0.72 higher than the prior quarter. This is 266.67% higher than last year's results for the same quarter.

A second alert says First Call is estimating $1.14 EPS for the year. So my guess is that it is very bad timing for First Call, as the .88 for the quarter seems to blow out the $1.14 estimate.