Jiangbo Pharmaceuticals (NASDAQOTH:JGBO)

CAPS Rating: 2 out of 5

Recs

1
Player Avatar sisula (28.01) Submitted: 4/1/2011 2:44:20 PM : Underperform Start Price: $4.40 JGBO Score: +82.10

Won't survive this year.

Report this Post 2 Replies
Member Avatar albaitis (98.61) Submitted: 4/6/2011 1:09:52 PM
Recs: 0

do you have any reasoning for that?

Member Avatar sisula (28.01) Submitted: 4/6/2011 4:55:33 PM
Recs: 2

1. Although they report $150M in cash, they decided to pay for their debt interest by issuing new shares.
2. Although they report $150M in cash, they don't buyback shares even if market cap is $55M.
3. Recently, CFO has resigned.

I used to own a couple of shares (bought at $7), but sold at $6 when they decided to pay for interest by shares:
http://finance.yahoo.com/news/Jiangbo-Pharmaceuticals-prnews-1407571413.html?x=0&.v=1
This event has proved me this is not the company I want to invest in.

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