If somehow, they lay out the claim of ongoing business, as a statement of objective, rather than actual outlets and product,this is going to be a wild ride.
Why? Because this is new to the Chinese, and if they've the same penchant as the Pakastani's who brag they "got" Osama so many times a raid was staged, as a part of how they operate mentally, we got problems.
If they mean "we have 1300 retail outlets" to mean ""we have sown up 100 of them, but have a universe to explore with the other 1200 we're sure we'll be outletting our product to" this is going to create a re eval of the firms value.
"Zhongpin Inc. is a meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. Its distribution network in the China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes more than 3,300 retail outlets. Zhongpin's export markets include the Europe, Hong Kong, and certain countries in Asia. For more information, please visit www.zpfood.com."
"more than 3,300 retail outlets" will make for a very, very long list.
Good point. How can it ever hurt to share the list of suppliers and distributors?
Would appreciate knowing your take on why the heck the shorts didn't go on a stampede today to cover before the conference call. Are the shorts privy to some secret knowledge or they being plain stupid? I would guess the later. GLTA longs!