Book value is $9.00+ and yet its stock price is $3.00+. Selling at a multiple of 2x to its earnings. Other companies in its sector sell at an average 17x multiple. This has to be a $10 stock at a minimum. Anybody have any thoughts as to why the stock price is so low. All their financials look GREAT!
CGA has been battered by erroneous and unsubstantiated innuendo and painted guilty by association to a lot of the truly fraudulent chinese stocks. Shorts with a vested (and inho criminal) interest in seeing the stock tank have hammered it with articles on Reeking Alpha under anonymous authorships (which in some cases (most if not all) turned out to be short investors manipulating the stock price by causing a panic).