ONP will just go private if it stays down here, 2x EPS + cash too cheap
returns are there for PE funds, when they sell the HQ and growth resumes, it either goes up on its own or they go private, this is ridiculous, shorts should move on to better ideas they cooked this one story has played out
Agree...just like YONG who has also now been vetted as legit. On the announcement day of the buyout proposal, shorts will get fried. If I was short ONP, I would be covering here. Sure, you might be able to milk this back down to $1.40 or so, but you could also get caught with your pants down in one day and lose everything. Not smart to be short ONP here. I will be buying...only a matter of time before management brings the bulldozer to the shorts!
You do not know what you are talking about. Only a fool would contemplate buying ONP. The majority of the assets are owned by HBOP, which is a VIE. ONP does not own HBOP, despite their assets appearing on the ONP balance sheets. Book value is meaningless, return on assets - meaningless. The only solid valuation metric for this company is the dividend yield, which indicates ONP is overpriced. You can purchase a high quality, US company with twice the dividend yield and significantly less risk.
Sell your garbage and have someone else invest for you. You don't know what the f you are doing. This pig is going to continue falling to somewhere below $1.