+ Watch ONP
on My Watchlist
with P/E of 2-3 and expanding capacity - this is either the fraud Muddy Waters claimed (seems doubtful) or will be selling at 1X earnings in a couple of years (also doubtful).
May well do well if it grows into a giant in the paper industry in China.
recent market purchase by Director at $3.95/share.
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).Orient Paper, Inc. went public via a reverse merger in 2007. The company is based in China.
I hate stock market mainipulators.I think this is a real company and in the long term the market will realign with earnings.I read this among many other things:http://www.thestreet.com/story/10797742/orient-paper-story-behind-fraud-report.html
May come back strong when the dust clears.
Cheap right now, should start to see a slight move upward soon.
Fraud by so called research firm?
ONP's 10k will be released in the upcoming weeks reflecting another strong yoy performance in nearly every category including total revenue, net income, and eps. Furthermore, its guidance for FY2011 will be both positive and strong. Investor confidence in the company's strong performance should be reflected in a higher P/E and greater market price.
With the Loeb and Loeb and Top-5 accounting firm shooting down the report, I am not sure that there is much to say other than that short selling cabal does sometimes get it wrong. This can especially be the case when there is some resistance before they get it right for a time. While there may be some later hell to pay for the mismatched filings, that hell to pay looks more likely to be taxes owed to the Chinese government.
Nothing like keeping them honest Mr. Birdhttp://www.businessweek.com/magazine/content/11_04/b4212058566865.htm?campaign_id=yhooLove an interview with Palo Alto Investors...instead of some retired failed a few business man
Between the velvet liesThere's a truth that's hard as steelThe vision never diesLife's a never ending wheelhttp://www.prnewswire.com/news-releases/audit-committee-of-the-board-of-directors-of-orient-paper-inc-presents-findings-of-independent-investigation-110962839.html
if numbers are real on eps and projected eps, thumbs up
Are you kidding me? Talk about oversold, decreased revenue because of temporary reasons that will help ONP in the long term and the stock drops almost 30% in a day. The fundamentals are still sound and demand for paper continues to increase at a rapid pace. This stock is going back to 10 dollars by this time next year. If I had extra cash I would snap this thing up as fast as I could.
Right time right place
Independent Research Associates recommends a 12-month target price of 16.70http://www.prweb.com/releases/2010/11/prweb4727734.htm
Under investigation, already beat down. Makes money.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions