China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside
- CXDC reports substantially margins higher than its main competitor, yet spends much less on R&D.
- From 2008-2010 CXDC reported higher revenues and net income in SEC filings compared to SAIC filings.
- CXDC CFO refused to answer basic questions about his company, and did not respond to questions.
- If the trend of overstating net income from 2008-2010 continues, shares should be worth $1.38/ share.