Revenue and earnings did not miss expectations. Both beat. This looks like a rework of a previous release. Either that or Brean Capital needs to brush up on Dang.
And how was dang management supposed to stop purchases in the open market? Please help us all understand.
Explained in the confrrence call. See transcript. Recognized rev in 2nd and 3rd qtr from a bulk sale to intermediary. Advised by auditors to back it out. No change to bottom line.
I wonder what will happen now? Guess those ambulance chasers will be investigating why Dang was so honest that they chose to restate revenue even when there was no impact to earnings.
I'm not selling. Just getting a bit uncomfortable.
I just cannot believe that Invesco bought in just in time to be the bag holder. That would be quite a blunder for a firm of their size. I do agree that it is getting uncomfortable.
Sure. They forgot the 13g for invesco. When they finally got it filed there was a mandated waiting period so that the sec could review. Regulatory delay and quiet period could be the case.
The ceo guoqing li was on weibo expressing how he missed his son who had gone to US to study.Doesnt sound to me like a frantic earnings issue.
It is not accurate to say that dang misses earnings often. I think the record would show that its the opposite. This is a very reliable company.