Seeking Alpha

China XD Plastics refutes Seeking Alpha article warning of 80% downside

  • China XD Plastics (CXDC -17%) responds to a negative article by Bleecker Street Research, posted on Seeking Alpha, saying it "contains numerous errors of facts, misleading speculations and malicious interpretation of events" and that it is committed to providing full and accurate disclosure to investors.
  • The article says CXDC's overstatement of earnings means shares are worth ~$1.38 each; CXDC claims much higher margins than its main competitor even though it spends far less on R&D, and it reported higher revenues and net income in SEC filings than in SAIC filings from 2008 to 2010.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: