Maxim Group downgrades HOGS!! Dont know from what, to what, or reasons why. Just a headline came across Yahoo Finance!!
Maxim is not a legitimate analyst. They are one of those companies that takes a short position and then issues a hit piece.They are just a bit too late to the party!
Chardan downgraded today also:Chardan Capital Markets downgrades Zhongpin Inc. (NASDAQ:HOGS) from Buy to Neutral, and cuts price target from $14.5 to $9.http://www.cnanalyst.com/2011/09/analyst-actions-on-chinese-stocks-ambo-chu-cis-cyou-hogs-sohu-xue-yzc-sep-28-2011.html
I smell bacon here. HOGS is waste of time to invest in right now.
They went from a "buy", to a "hold"!! No reason given!! Its been frustrating owning this. Probably have to wait until next earnings release to give credibility to company.
i think it will be next year, not until the full year audit is complete and signed off. Now that all the issues are out there - cap ex. etc. The auditors will have to verify the fixed assets, stores etc.
interesting, maybe related to yurun, don't know