China Gerui Advanced Materials Group (CHOP -32%) dives after an article on SeekingAlpha argues...


China Gerui Advanced Materials Group (CHOP -32%) dives after an article on SeekingAlpha argues the firm's sales and earnings are overstated. The company's profit margins have been holding steady over the years, even as market prices for their products indicate a squeeze, writes Eiad Asbahi.

Comments (1)
  • bossy600
    , contributor
    Comments (30) | Send Message
     
    I am an ex audit director that is appauled that someone can write an article when they are a short seller and tube a stock that people own.
    Who is this person and how can he sell short and use comparative numbers. CHOP has no exact competition in the field and thats why they needed to build a new plant for capacity.
    Cash does not come out of a tree, they are selling that much product at less cost to manufacture period. GO to the meetings, see the plant , things are growing there for them and soon they will need another plant because capacity is at 100% already.
    28 Oct 2011, 03:47 PM Reply Like
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