Well, they may be the best in the sector, but if you think they were waiting with baited breath for the CC this morning after all the briefings to whoever and whatever in their heirarchy, if you think they are out pounding the streets in all those provinces looking for port slaughtered in all the right places, I'll sell you some real estate in Florida.
Hint: NOBODY is on the ground pounding the streets on behalf of these guys, you're going, and I'm going, and the folks at the CC asking the questions are going on blind faith.
Nobody is clocking these guys, and for sure, CER isn't the greatest place in the world where statisticians with Nobel Prizes for accurarcy reighn.
As long as you're going by records and reports all you got is blind faith, and hopefully you have been reading all about reverse mergers and the excesses as a result.
The entire reverse merger sector is taking a beating this morning because of Zhongpin and the history of other braggard firms that preceded it. The thing is, even CER says this is a going firm. ' How much and where it is going remains to be seen.
Really? How about this analysis from the Bedford et.al:
Jun. 29, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 06/29/11 -- Despite the global economic downturn of the past few years, analysts argue the outlook for the meat sector remains strong, with the global meat demand expected to grow close to 40 percent by 2025. The growth is primarily being driven by changing diet patterns in Asia -- particularly China. The Bedford Report examines the outlook for companies in the meat products industry and provides equity research on Zhongpin, Inc. (NASDAQ: HOGS) and Tyson Foods, Inc. (NYSE: TSN). Access to the full company reports can be found at:
In 2009, China produced a total of 76.5 million tonnes of meat, an increase of 5 percent over 2008, accounting for 29 percent of the world's total production -- making China the largest meat producer in the world. Despite being the world's largest meat producer, China imported 1.38 million tonnes of meat in 2009 to fill a gap in supply.
The Bedford Report releases investment research on the meat products industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Presently, pork is the most popular meat in China. Zhongpin is a meat and food processing company that specializes in pork and pork products, vegetables and fruits in China. The company recently posted a 40 percent year-on-year surge in first quarter revenues as the company says it "built up its brand image and brand recognition through general advertising display promotions and sales campaigns."
US-based Tyson Foods says its Chinese operations are "focusing on the less competitive poultry market -- a market which also has more room for growth."
HRBN went from $25.05 to $5.82 from last October to this past June. Despite denial, the stock kept tanking till latter part of June. It is now $18.80.
Denial by HOGS has so far little impact. Not all Chinese stocks are run by crooks. HRBN may be an example.
In the short run market is a voting machine and in the long run a weighing machine. More negative votes are out there today. Wehn HRBN was tanking, there were perhaps even less positive sentiment. Bad reports and critical attacks had their hay day. Now the tide is turned.