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Sutor Technology Group Limited Message Board

  • nhabib123 nhabib123 Jul 1, 2013 4:26 PM Flag

    Trouble with SUTR

    I personally hope tht SUTR will go up because I have a lot of shares but to be realistic it moves in waves and corporate managers have shown little interest in raising stock price. They own majority of the shares and maximize their own gains by other means. If they were interested in price appreciation they could have bought back a significant block of shares or distributed a small dividend. The company os generating good earnings and it has food financial records buy people just don't trust Chinese firms unless a company demonstrates exceptional performance plus trustworthiness.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • So any bad news that caused today's decline? (July 8th)

    • It's a China stock ! Most Chinese stocks are taking a hit and many cannot be trusted in the way they spin their numbers. Look at VALV has a 15 dollar book value but is a 0.40 stock down from $15 dollars. Sharesholders are the last thing on their mind. I only hold this because ZACKS rated it #1 for a long time and you can cover a margin call dollar for dollar since you can't margin it. May turn around if China gets its act together.

    • They did buy back 600,000 shares lower...with the share buyback program...you don't give a dividend when you are trying to double your $500m in revenues with a new facility...

      • 1 Reply to penny_playin69
      • Penny
        I'm aware of the 600K share buyback but it did not help the stock price significantly 9Or perhaps it helped bring it above $1 per share last year. ) But given the fundamentals of SUTR it should be around 3 or $4 per share by now. Why is it so undervalued. Anyone that looks at investing in SUTR will wonder why other investors are not interested ? Then he keeps away because vale of a firm depends on investor psychology. Management of SUTR has failed to build confidence in this company so far.

 
SUTR
0.83+0.03(+3.74%)Sep 15 3:58 PMEDT

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