Pictures were shown More wanted to own Now why the sinking score? Because longwei's a bore Is there reason to fear? Well, we have been here 2010 and 2009 Remember all those who did cry and whine? Then past 3 it soared LPIH! The crowd roared Many wanted in But felt it too high to begin And now it has fallin' A subtle buy in the mist is callin'
This is very interesting. LPH is receiving highly favorable press on both sides of the world, LPH mgmt is slowly improving clarity, there have been no significant irregularities found in their reporting, they are highly profitable, and they are laying the groundwork to be a billion dollar company very soon. However, the market continues to deeply discount their value, with a P/E of barely 2.
The answer is it is obvious they are playing around with earnings lowering operating expense more than 35% to just show flat earnings year to year. The company keeps reporting false info, playing around with earnings and will not do a reconciliation because of playing around with their earnings. If it was the year end the auditor would not approve of this and the shares would be delisted.