Feihe International, Inc. (NYSE:ADY)
The Company through its wholly owned subsidiary Feihe Dairy, produces and distributes milk powder, soybean milk powder, and related dairy products in China.
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Oversold food always in demand
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Chinese reverse merger fraud.
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Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
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Relative Bounce Likely Complete, Fall to Resume
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This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).
Feihe International, Inc. went public via a reverse merger in 2003. The company is based in China.
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Short American Dairy as their toxic financing subscription agreements has insiders and lenders shorting this legally to zero. Have not a read a finance agreement this corrupt since the dotcom era. It makes subprime agreements look lender friendly!
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Dairy in China, all good mom's/dad's want the best for their children. As long as China does
ok, American Dairy should continue to do well.
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Poor fundamentals. Poor outlook.
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good buy right now
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Extreme oversold but high potential remains for mid and long term investors
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I am just going to assume that that guy, "You-Bin", actually did just purchase 1millionUSD at double the current price.
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The financials are scary - the notes are a managerial red flag. Blaming the auditors and internal accounting/finance people for prior year mis-statements is just wrong.
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low relative PE, good star & 2010 earnings. Bottom fishing week of 5/10
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Chairman purchased 47890 shares ($1,000,000) @ 20.79 earlier this month. http://www.gurufocus.com/InsiderBuy.php?position=&insider=YOU-BIN+LENG
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China's population, better incomes in booming cities creates demand for ADY premium milk products like the Walnut series powder, premium infant rice milk formulas, and a nutrituious seniors soybean powder milk
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Mmm...milk...
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bounce
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Great value. Price and PE are way down only because revenues are a couple hundred million instead of a few hundred million. Sells infant formula to China with blessing of government. Rated as one of the best values of any stock on 1/22/10.
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VALUE!!!
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