AMERICAN ORIENTL BIO (NYSE:AOB)
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The Company, together with its wholly owned subsidiaries, is a pharmaceutical and Traditional Chinese Medicine company which develops, manufactures and commercializes both plant-based pharmaceutical and plant-based nutraceutical products.
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I believe the Market is undervalueing AOB's shares at .4 book value and expect an upswing from here. AOB is one of China's top drug companies. They have a stabilizing cost of revenue down from 26% over the last few years to 6%. Management is investing more in R&D than in the past and allocatig less capital to purchasing other businesses to gow market share. Government regulations play a part in keeping revenues down. Products such as Jinji Capsules and Boke nasal spray both won awards as China's top branded drugs in 2009. Read: http://seekingalpha.com/article/243664-is-american-oriental-bioengineering-s-business-model-sound?source=yahoo , for more detailed analisys on AOB.
I thought that too, but I have come to the conclusion that this stock is total garbage. By far and away the very worst stock I have ever invested in, glad I got out when I did, and I have to thank sisula for his research and comments which helped me turn my back on this piece of junk for good. A company that misses earnings estimates quarter after quarter for two years doesn't deserve a cent of anyone's hard earned cash.
james well said I agree
I've lost my shirt on this, too. I'm holding, hoping for a rise in value, in time. Crossing my fingers...just to break even! Did the FOOL ever say or scream SELL?!?! If so, I sure missed it.
Likewise hanging in but wondering what can stabilize this stock. Where is the bottom? Did FOOL ever say sell?
I am also a big loser with AOB. But I keep my position, having seen and sold losing stocks before just to see them multiply by 4 or 5 afterwards.
AOB is probably one of those.
the bottom is 25c. at that price I will buy the company and liquidate. come to think of it you could liquidate it now and make a mint.
most of the money is in cash/equivalents. I'll take my chances