JASO is in a similar predicament. Reported amazing earnings and the stock went down.
Clearly, this is holding the stock price down. It's robbery, more or less.
Earnings would have been higher if the administrative expenses hadn't tripled. They are giving themselves money like the bandits they are. Everyone should join the class action.
A dividend is a better idea. If the company pays a 5% dividend, the stock will be hard to ignore. No one cares about the PE of a chinese company.
Found it. I can't see losing money by buying at these prices. Might buy more, because at the least, the 2.51 price is going to hold.
Where do you see this news about Simpson Thacher. I can't find it anywhere.
MY has it's CEO offering to buy it out, at 20% above it's price. Is Trina next. They would have to offer more because it's shareholders are more spread out. MY is 30% owned by it's chairman.
The next problem now will be earnings. The CEO will be tempted to cheat on earnings by reporting lower earnings than the actual, thus lowering stock price and making his offer seem even better. I'm holding though. Some other buyers might step in here.