The truth of the matter is that there has been a steady, and huge upward trend of earnings, yoy and quarterly over the past three years.... a huge upward trend in the number of branded stores.... a huge upward trend in profits. In addition, there is growing confidence in YONG via KPMG. In my investing book, this spells a long term positive trend for the pps.
lidy: If you are bothered, you can put me on ignore. However, whether you ignore me or not, it is all the same - Yongye is a complete fraud facing imminent and inevitable halt and delisting, and you can't do anything about it.
Could be the start of the BOD and YONG management buying their own stock? Maybe we'll read something about it in the coming days? My hope is that management made some decisions about how they are going to fend off the hedge funds and start showing their shareholders some love!!!
I don't know if they are doing anything yet or is it because we grouped as a team of now 52 shareholders we have gained some confidence and the confidence is spreading to others but when we sent the letter, the stock was on a down trend and had reached $2.71 (the letter was sent on May 19) and we are now at $3.06 or 13% higher, let's hope this is a beginning of a trend and will be supported by some Board/Management actions. If so yes this would truly be an upward trend....