I fully agree. However, looking at ATHM or WUBA makes me think that a lot of other investors will suffer like we did with AOBI. :-(
took a couple years, but it paid off
What? It paid off??? BSPM stock is at the same as in 2012, much lower than in 2011 (about $8) and even more lower than in 2010 (about $12).
So your investment definitely didn't pay off after a couple of years ... Liar.
Please, go and listen/read the last CC. You will find out that foreign sales are almost non-existent and that buy back won't start in the first half of the calendar 2014.
BSPM reports 50 % y-o-y sales growth. TIP's sales keep decreasing. If TPI turns around, it can also jump from $1 to $3, but I can't see any near term catalyst.
Still, I like TPI more than BSPM because I don't believe companies producing poisoned pills. ;-)
and they are not challenged to come up with meeting analysts expectations every quarter
The best joke ever. Dark or nor, there hasn't been an analyst covering AOBI for at least three years.
That was quite interesting point from CC:
Charles Ognar: Would the proceeds of those [foreign] sales stay outside China and be available for share buyback?
Dr. James Jiayuan Tong: Currently, because the amount is small and we have signed up with a foreign trade credit company that could facilitate the export business, either in RMB, and yes, also could be in the US dollars which is the trading currency for with Southeast Asia. Therefore there are possibilities into RMB or US dollars. So I wouldn't think that that will be a factor to buy back stocks, but, yes, it is definitely under our consideration. It is a possibility.
The very same question was asked during the CC. The answer was like this:
1. we expect TMT sales to recover as the current revenue decrease is seasonal fluctuation
2. we look for GMOL revenue increase from Guangdong Province
3. JCM API may add to sales if the prices recover