What happened to Jinpan?
Increasing your revenue and earnings by about 50% each and issuing happy guidance usually makes
investors want to invest in you. At least, it usually does not motivate sellers to dump your shares at bargain prices. Chinese transformer maker Jinpan International (JST) juked that traditional mindset today by putting up spectacular growth in revenue and earnings, issuing guidance for a strong 2008 overall, and shedding 15% of its share price.
What's going on? Unfortunately, I do not have all the data I would need to find out. But I'll probably put a little money into JST tomorrow anyway, on instinct. (Don't try this at home, kids.)
Disclosure: Jinpan does not make the combat-ready, shapeshifting robot kind of transformer; it makes the cast resin, voltage-altering kind of transformer.