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  • orioles70 orioles70 Mar 15, 2012 9:15 AM Flag

    Why didn't HOGS mgmt warn?

    typical American mgmt style is never to give the market a bad surprise, so a month ahead of earnings they guide lower - if that's where the numbers are heading

    is that just not how things are done in China?
    or did these guys have no clue that earnings would miss?
    or did the auditors force them to report honestly rather than do some accounting tricks?

    if they had guided lower, the price drop would have come earlier, but I'd feel better about HOGS mgmt competence

    fwiw, if HOGS drops below 8, I will look to avg down

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