Thu, Mar 5, 2015, 5:31 AM EST - U.S. Markets open in 3 hrs 59 mins

Recent

% | $
Quotes you view appear here for quick access.

Deer Consumer Products, Inc. Message Board

  • jmnotechie jmnotechie Apr 25, 2011 10:29 PM Flag

    Seeking Alpha a playground for shorts?

    An interesting article from an experienced and highly regarded author!!

    http://satwavespro.com/2011/04/25/deer-consumer-products-suing-seeking-alpha-in-naked-short-sale-scheme/

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Seekingalpha pays those ghost authors to write nasty articles. Do you know that fact? It is disclosed on seekingalpha's own website. Scum bags? Yes, lots of them there.

    • If one really wants to make a point, he would stand up and give his real name. You don't have that in "Alfred Little" or other "ghosts" at seekingalpha. Can you trust opinions from ghosts?

      Or,

      Licensed securities analysts from several highly credible and regulated investment firms that are held to the highest level of compliance standards for their research reports on Deer?

      Who do you trust? Real people or ghosts at seekingalpha? You decide.

    • Of course it is. It is located overseas, off limit to US. laws.

      • 2 Replies to investpeach
      • Global Hunter Securities published the following this morning:

        Summary: Deer Consumer Products filed an 8-K on April 26 announcing that the company’s wholly owned operating subsidiary, Deer Technology (AnHui) Co., received an official PRC Government Land Use Right Certificate for the second parcel of land. This land certificate covers a parcel of land covering approximately 150,000 square meters (or ~15 hectares) in Wuhu, China. The copy of the actual certificate as well as an English translation is attached in the 8-K and on the 2nd page of this report.

        Highlights
        In our last note published on April 14, 2011, we presented our findings from our recent trip to Wuhu, China. In that note we presented and verified the land grant certificate for the first parcel of land that had been previously disclosed by the company. To remind investors, DEER acquired these
        land use rights for two parcels of land totaling ~660Mu in 2010 for $37MM for its new manufacturing and distribution center as part of its domestic market expansion strategy.

        There have recently been numerous negative articles accusing the company of misappropriation of funds relating to the Wuhu land rights acquisition. As a result of our prior due diligence and the announced Land Use Right Certificate
        for the second parcel of land we believe that those accusations are unfounded.

        Maintain Buy rating and $12 price target. We continue to believe that the stock is currently undervalued and as a result we maintain our Buy rating. Our $12 price target is predicated on 11.5x FY2011 P/E and 7.8x FY2011 EV/EBITDA multiples, somewhat below the peer group respective
        averages of 14.4x and 9.4x.

      • Item 8.01 Other Events.
        On March 10, 2011, Deer Consumer Products, Inc. filed its Form 10-K in which we disclosed in Item 2 that we acquired land use rights in 2010 for two parcels of land (land classification: First Class) for our planned new manufacturing and distribution center located in China's Wuhu City, east central China.

        On March 14, 2011, Deer Consumer Products, Inc. filed a Form 8-K in which we disclosed details regarding these two parcels of land and filed a true copy of the official PRC Government Land Use Right Certificate for the first parcel of land. We further disclosed that for the second parcel of land, we anticipated receiving an official PRC Government Land Use Right Certificate covering 15.022381 hectares (150,223.81 square meters) in the near future. We have received such an official land use rights certificate.

        For the second parcel of land, we are filing as Exhibit 99.14 to this Form 8-K a true copy of the official PRC Government Land Use Right Certificate issued to the owner, Deer Technology (AnHui) Co., Ltd., our wholly owned subsidiary, covering 150,223.81 square meters (or 15.022381 hectares) of land in Wuhu. An English translation of the certificate is furnished herewith as Exhibit 99.15.

 
DEER
0.030.0000(0.00%)Mar 4 10:14 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.