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Tim Cunningham
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20 years investment experience. I feel there is tremendous opportunity in China.
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  • ONP appears to be an over-reaction.

    ONP getting crushed today on SEC FILING. One thing is clear, they have alot of cash on balance sheet so this hiding of money was wrong (see muddy waters).

    I am not crazy about lack of press release to go along with the filing? Why? ONP management is dropping the ball here.

    I will await the Conf Call before making any final decisions, but on the surface, it appears the market has over-reacted here. Company is in good balance sheet shape and given the delay in getting their new machinery up and running, earnings got hit in the short run. Longer term, it appears company could make significant gains in earnings but until we hear from company, it is all speculation.

    The markets hate uncertainty and this lack of PR is not a good move by ONP.



    Disclosure: Long ONP
    Tags: ONP
    Nov 15 4:51 PM | Link | 6 Comments
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