ADY is definitely legit but sentiment towards domestic China milk/formula makes it contrarian, even being 50% lower than the point little Al started scaling in. Maybe they should begin importing raw powder, ala SYUT, for perception reasons.
I'm fine with more time to play seeing how they have only one more Sequoia installment to go before 17.05 m shares outstanding.
Based on that share count, we have a market valuation under $55 million. Wow, I thought this was the year of the dragon when so many wanted dragon babies.
I'm very surprised this has stayed so low for so long, even with installments being paid. Like most, this one has warts but there must be a reason to pay off a US PE firm.
One sizable institutional buyer, or a bit of buying pressure post options ex, and this one is off.
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