"Was this not on Cramers list for one of the top 50 most undervalued stocks for 2010? SIAF"
Hyperboy,
I haven't heard anything about that. Given how much influence he has, I wouldn't think it was something he just recently call attention to if indeed he ever did. Perhaps someone else knows.
I don't recall seeing you post here before. At any event, nice seeing you around. The Company, as you probably know, is in a kind of limbo right now. But I suspect that will change fairly soon. They'll get the audits done before too long and that should be an important turning point for the Company. Perhaps some or even quite a few people would think this is stating things with more confidence than is actually warranted. As for me, though, if I had money I'd be adding at these levels as there's been a peculiar and quite forceful downdraft on SIAF which has created what seems to me to be a classic instance of where that old adage of buying when everyone else is fearful is presenting itself.
There is, to be sure, the possibility that a class action law suit will be brought against the Company within the next few weeks. So that definitely warrants consideration. But I'm hopeful that that worry will subside as options are weighed more carefully and better alternatives are seen and found more appealing. At least that's what I see the pros on these boards doing--stopping, looking, assessing, and then changing directions on the spot and either backing up the truck or moving to greener pastures. I, on the other hand, am more like one of those fish that latches onto a bigger one and feeds off the crumbs they leave behind. Still, such a station affords a certain vantage point that the bigger fishes sometime miss as they lurk out into deeper waters.
Yes, I've drifted a bit here. But not knowing how familiar you may be with this stock, I didn't want express my confidence in it's long term potential without touching on one of its primary near term risks.
Let us know if you find an answer to your question.
Steve
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