Replies to post #53674 on China Growth Stocks

[GorillaGorilla]

HRBN - 52WK High is 26 according to Yahoo so not much room for error. From Yahoo graph of the year the highest closing price is around 24.

rich

[derek2000]

HRBN - Buyout proposal.

This is a great play by the CEO. I think there will be more plays like this in the undervalued China Small Caps space.

1) It shows the HRBN is greatly undervalued. Remember, about 30 days ago, HRBN was traded at 16 and change. The CEO probably started the discussion with PE firms at the time.

2) The CEO, with 31% of the company, wins by winning the bid and wins by losing the bid. During the PM, the stock is trading at $25, a 25% premium over yesterday's close. The CEO's net worth has increased over 25% by just announcing the deal.