so you smell a conspiracy by Zhongpin to take the company private? perhaps, but consider this
Zhongpin's competetion also reported lower earnings on price competition and higher costs. And the #1 thing hurting this stock has been the stories about accounting issues with Chinese reverse IPOs. The HOGS earnings release and conference call seemed designed to put all the facts out there, in order to pass muster with the auditor and build credibility.
I don't expect HOGS to go to 4. I am holding because I think the stock eventually moves back about 10. Unfortunately, it isn't likely to be soon.
as for the "hoax" poster accusition - no I am not banshee. Who the hell are you?
Management put out enough information so a weak Q4 should not have come as much of a surprise.
There were two ways investors could look at the current state of affairs. They could look backward at Q4 or they could look ahead toward what level of earnings large capacity increases will bring. Markets are supposed to discount the future and not the past. Management could rationally assume investors will focus on the future earnings power they are building and views Q4 as an easily understandable abberation of little long term significance.