Seeking Alpha

Tim Cunningham's  Instablog

Tim Cunningham
Send Message
20 years investment experience. I feel there is tremendous opportunity in China.
View Tim Cunningham's Instablogs on:
  • 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
Full index of posts »
Latest Followers

StockTalks

  • $PRIS.B Asset play. Stock could triple from here.
    Sep 19, 2013
More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.