Seeking Alpha

Santi Singhawan...'s  Instablog

Santi Singhawangcha
Send Message
I'm a full-time value investor from Thailand who has been investing in Thai stocks since 2002. I just started investing in the US market in the beginning of 2010 and my focus is on China growth stocks. I also focus on analyzing cash flow statements, not just profit & loss statements.
  • RINO: Cash flow statement is still a good indicator. 0 comments
    Nov 30, 2010 10:27 PM | about stocks: CHBT
    RINO has been proven to engage in fraudulent activity. So, I looked into it's cash flow statement and found out that it's cash flow is so bad.



    Sum of net income for 4 years and last 3 quarter is $139m.
    Sum of change in working capital for 4 years and last 3 quarter is -$186m.

    This tells us that RINO didn't get real cash from their customers. Most of its cash came from dept and stock issuance. This is a big red flag for RINO.

    In CHBT case, I don't think there is any thing like RINO.






     


    Disclosure: long chbt
    Themes: fraud Stocks: CHBT
Back To Santi Singhawangcha's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


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.