Recent

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

WONDER AUTO TECH INC Message Board

  • vikesbull vikesbull Mar 7, 2011 3:27 PM Flag

    ROTH CAPITAL SAYS BUY ON WEAKNESS

    WONDER AUTO (WATG) ANNOUNCES FINANCIAL RESTATEMENT. ROTH CAPITAL SAYS BUY ON WEAKNESSFont size: A | A | Aundefined undefined | S&P Marketscope
    SNPMarketScopeViewsNews2011-03-02 12:11:02.000WATGWONDER AUTO TECHNOLOGY, INC.STACY TROMBINOWONDER AUTO (WATG) ANNOUNCES FINANCIAL RESTATEMENT. ROTH CAPITAL SAYS BUY ON WEAKNESSAnalyst John Ma tells salesforce WATG announces that its 2008 and 2009 annual and qtrly reports would be restated to correct a cutoff error regarding the timing of revenue recognition. Co. expects adjustments will increase revenue, earnings, as new acctg treatment accelerates revenue recognition of two units. He considers restatement as benign and views any weakness associated with delayed filing of its 2010 Form 10-K as a buying opportunity. Once completed, believes co-audited finl statements will alleviate investor skepticism and enable multiple expansion.

    Like today folks, you will be rewarded soon!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
WATG
0.450.00(0.00%)Nov 15 2:29 PMEST