1. Buy at these levels and add on the dips. 2. Hold this long term if you really want to make big money, ignore the daily fluctuations and wait until they are reporting the continued great profits and this auditor issue is just a memory. 3. When the focus returns to DYP huge cash levels, solid profits, fast growth in China, this stock will be much higher. 4. In a year or so DYP could easily be earning $1.50+ per share and trading at $15+ per share.
Totally agree. The stock is at this level because some institutions are selling - some big funds just do not want to hold a large portion of stocks trading below $5. Buyers are waiting on the sideline for the accounting issue to play out. DYP is a good company. They are making legit products and have been selling their products for quite some time. DYP at the current level is a very low risk and very high regard stock.
No gus no glory! I am buying all I can.
Disclosure: holding 61K+ shares and looking to load more.
Your comments make sense...unless they have been systematically lying about how much money they are earning and how much cash they have in the bank. If this is just a case of them paying off a bunch of local officials then calling them miscellaneous expenses, I assume that those who did the bribing are worried they will go to jail and have consternation about any kind of reporting because it can get them in more trouble to have their deception on record.
I have to assume though that if they were misleading in this way on their statements causing DT to question them and then they fired DT resulting in a 50% drop in stock price that the lawyers will have a good case against them and be able to extract many millions for minority shareholders. However, that process will take 2 years to play out and between now and then it will have big surges several times. So the real question is- "were they lying about how much they have earned and how much they have had in the bank all along?"