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FUQI INTERNATIONAL Message Board

  • valueguy66 valueguy66 Nov 17, 2010 4:48 PM Flag

    I went back and looked at the various

    NT10q and NT10k filings. In the NT10K they give a sales figure and P&L estimate for the fourh qtr of 09 of $.24 to .28 per share. They say for the nine moths ended 9/30/09 they made $1.66 but they calculate that number is off by $.15 to $19 per share. So according to them they have estimated their unauduted results for 2009 to be $1.71 to $1.79 per share. They also mention in these filings that 4th qtr. sales for 2009 where hampered because Chinese New year was in February 2010. So if you believe them then this stock is a steal. Nowhere did i see anything about inflating sales,Assets that are not there etc.etc.. It all has to do with cost of sales.

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FUQI
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