Zhongpin: Who Will be the First to Suspend Coverage? August 17, 2011
This morning Geoinvesting LLC published a report “Zhongpin: Overstated Income, Excessive Capex and Deceptive SAIC Filings” (link here). We at Alfredlittle.com strongly agree with Geoinvesting’s findings, having reached many of the same conclusions in our own research. The CAPEX issue alone should be enough to prompt every analyst to suspend coverage. Where did all that money go? We plan to publish our own detailed report later this week.
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