Makes no sense. the great news is they finished off paying their corporate bond in FEB which should dramatically help their balance sheet plus help income since I believe they were paying 9% yield. nobody cares until they do.
Geoinvesting reported their was article in China that a private equity firm offered them 8.50$-
if this traded in China like their peers its worth 12-15$- thats the arb game going on right now.
looks great - i think it either goes private this year or gets real fund buying at some point.
ASP will be lower and i dont volume increases will be enough to offset that for the bulls
I think you will see Margins under pressure this year from competive pressures
this stock was 1-2$ 3-4 years ago was the buy point