I am also new to this stock (found it on a value screen). I am concerned about the low institutional ownership (18% compared to a 60% industry average). Does anyone have information on % inside ownership? It seems that insiders have been only selling as of late. I am also concerned about the quick ratio, the fact that they are carrying debt, and the PPS is well below the 200 dma. Nevertheless, the price looks attractive.
Not sure what you're comparing ADY to with the inst. ownership comment. Like most small companies the inst. investors can't hold companies until certain rev/sales/martket cap are met. If you're using Kraft or ADM you may be correct. If you use same size reference companies I think you may be wrong. SYUT does dairy, has 2x market cap but has only 3% inst ownership. The debt comment also doesn't make much sense. The debt level is only $78 mil with $48 mil cash. The debt retio is 1.3, which is very manageable. The insiders don't look like they are selling much either. Only 20k out of 8mm for the ceo. Like the stock, don't like the stock but don't distort the facts.
The only other chinese stock I have owned is feed. However I have traded in and out of it with some success but it still makes me nervous to invest in some of these companys when the govt could just pull the rug out and you would be out almost everything.
The reason they call it the elephant is because it is hard to miss. This elephant is simply that IT is China. We longs all are invested with the shaky confidence that all the numbers we read are accurate, the market is not inflated, the government is not about to shut ADY down or corruption run them out of business, unless the a the recipient of the corruption. The elephant is China.