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Mindray Medical International Limited Message Board

  • raider_luke raider_luke Dec 13, 2013 12:14 PM Flag

    Ottomanbaycap - not a real analyst

    Ottomanbaycap publishes its report on SeekingAlpha. It is a #$%$ report. I have visited the company's headquarter in Shenzhen. This is a legit company with solid products.

    The report loses its credibility by presenting two pictures, trying to prove that the company's Nanking R&D facility does not exist. It is just pure #$%$.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ottoman Bay is a fake name. Look at the photographer - that is your analyst.

    • snip
      9:31 am Mindray Medical issues statement and to host a conference call to discuss recent stock volatility - Mindray stands by its SEC filings and reserves the right to take legal action (MR) : Co issued a statement to address investors' concerns regarding the recent volatility of the company's stock price. Management also hosted a conference call to answer investor questions. Mindray stands by the integrity of its historical annual reports and press releases. The company believes that the allegations and accusations set forth in the research report released on December 12th lack merit and contain numerous errors of facts, misleading speculations and malicious interpretations of events. Further, the allegations fail to take into account various factors necessary to understand the matters addressed.

      In light of the adverse impact of the research report on the trading price for Mindray's ADSs, Mindray expects to recommence repurchases under its previously announced buyback program

      • 1 Reply to ironyworks
      • I listened to the conference call and pretty much concluded that this report from Ottoman Bay is a hack job by short sellers. The authors have not even bothered to be on the ground in China. When referring to pictures they took of the Mindray facilities, they do not even match the sites to the right cities.

        And their misunderstanding of direct sales in China (classified as direct sales), versus non-tender sales (conducted primarily through distributors) tells me their understanding of medical equipment procurement in China is superficial,

        Sentiment: Strong Buy

 
MR
26.87+0.30(+1.13%)Dec 24 2:48 PMEST

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