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The Company is engaged in the meat and food processing and distribution business in the The People's Republic of China.
How much lower can the PE go? This may be a mistake, considering the way things are in China, but I'm sticking around for a little while more. I don't speculate much, but I still think this is worth a littel bit, just don't dump a lot of cash there. YUM is my back-up "China" stock, and is doing fine.
Chinese Pump and Dump Insider Trading Scam. The SEC claims 7 people with advanced knowledge of the buyout offer purchased over $20M in stock. Since the buyout offer was not firm and did not include funding, this smells like pigshit to me.
I used to fall for these companies, but sadly, they are ALL frauds, every one of them. There is no use thinking that if you can buy 10 to spread the risk. If it sounds too good to be true... then assume that the CEO is using an insincere buyout offer to dump his shares.PS: the only Chinese company I own is CCSC. We will see how that goes.
Feel that this is a great long term growth story. People need to eat and their are a lot of people in China. As the Chinese consumer becomes richer they will gorge themselves in the same fashion that us fat North American pigs do.
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
pork is king! i see a 75% up side this year
Strong earnings and heavy inside buying
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.
Pushed down by arguably false research. If shown to be false the reported fundamentals are great.
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.
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.
much to cheap huge growth revenue & profit
China is growing like the US in the 1945-2000 frame. As cities become bigger and towns become cities, people are going to need food. And the Chinese people love pork.
A great man once said, "Sausages taste good. Pork chops taste good." And while he forgot to add bacon to that list, I live by that rationale.
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