Zhongpin Inc. (NASDAQ:HOGS)

MCMI

With the distinct possibility that the next flu-scare will arise in China/Asia (since that is where the reservoir resides) this would get seriously smacked in the face.

value stocks

Grossly overvalued Chinese fraud!

While subject to recent rumors and innuendos concerning exagerated productivity and results from many Chinese companies, Zhongpin has been a ongoing entity for years with a track record of steady growth and productivity. They recently received a highly positive conservative audit rating from Audit Integrity. That news combined with two recent large insider purchases appears to have countered these fraud allegations and stemmed the recent steep slide. Quarterly results will be announced in a few weeks and I am convinced that will be even more positive news. I look for this stock to double in the next 3-6 months.

Stock has been beaten down from the report from the "China Economic Review" claim that they are exaggerating their financials. I don't believe these claims against Zhongpin to be accurate. They still have solid earnings growth and a good balance sheet

Fraud

pork is king! i see a 75% up side this year

Strong earnings and heavy inside buying

1. Overstatement of SEC net income vs. SAIC filings by nearly 500% in 2009.

2. GEO estimates 2010 net income of $10-20 million vs. $58 million reported to the SEC.

3. Deliberate manipulation of SAIC filings.

4. Likely diversion of almost $150 million of reported capex.

5. Inconsistent trends between inventories and sales.

6. Repeated capital raisings, despite assurances to investors that none were needed.

7. Capex concerns already noted by Roth Capital resulting in downgrade.

china diet is pork. people need to eat. $8.85 good price for around 8/5/11 I just like it, at this price

Income wages expamding. people like to eat and Zhongpin is offering the convenience of frozen/chilled meat products. If they stay the course, then they have to gorw in value.

Over correction for this China stock.

Pushed down by arguably false research. If shown to be false the reported fundamentals are great.

I think this stock is getting beat up due to recent frauds of other Chinese reverse merger stocks. I don't believe fraud is an issue for Zhongpin.

The stock has been beaten down by 60%. Even the critical articles state that the firm is a working operation, and has distribution and huge potential as the Chinese work their way into a middle class.

Pork is a staple, the government has offered $350B to subsidize farming, the co has announced a $10M buyback program. It has fingers in lots of retail pies all over China and the world.

There is no question, this is a speculative and highly volitile stock, as one can imagine. But I think it has worlds to go.

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.

VAnamode

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).

Zhongpin, Inc. went public via a reverse merger in 2006. The company is based in China.