1)Both management teams are extremely crappy. 2)Stock prices are in the mud after some initial hype. 3)Both companies experienced some fraud charges at some point, and were investigated internally. 4)LDK's CEO sold one of his own companies to himself; CMED's CEO sold HIFU to himself. 5)Both companies like to promise things they are not able to deliver, simply because they want to buy some time, hoping things will become better. 6)Both companies are disliked in the analyst community. .... I guess all failed companies are alike, and all successful companies are different?
MR is a much much better managed company and an innovative one in that they produce new products very quickly. But I don't like their business model very much, revenue is non-recurring (cycle is very long). Lately they made a secondary offering, not sure if they are ready to acquire some diagnostic business, if so, CMED's days are almost numbered, there is no way they can compete with MR. At any rate, CMED is a dog just like LDK.
I went to check out the company called "chongqing haifu", a HIFU competitor. It turns out that the Chongqing HAIFU has got clearance in EU, Japan, Russia, etc.. and top government officials visited the company many times, while you know the story of CMED HIFU. All evidence points out that CMED is a dog company. Now, I give the company a $5 target. Experience tells me that never put money in a poorly managed company, there are so many good companies out there, BIDU, CTRP, ISRG, AONE, etc... , don't waste money on this dog, it can bounce around with the market, but it will eventually die.
Four years ago I bought in here when CMED was touted as a 10 Bagger by a "Mr. Sousxxxx". Got in at around $25. and had enough fun at $20. and wanted out. Took my loss and never looked back.
So strange how even today some will still say "Yep- a 10 bagger". If I had known all those problems CMED has with it's management, I would not have invested in one share. I guess now we all know. All expect the Kool-Aiders, but every stock has these Follow the Fuhrer types. Reality need not apply.