Guanwei Recycling: Valuation Looks Very Attractive
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May. 15, 2012, 2:40 PMShares of Chinese plastic recycler Guanwei Recycling (GPRC -25%) crater after posting mid-session earnings that disappointed analysts. The company reported Q1 EPS of $0.10 on sales of $16.2M. Management also says that material weakness reported in 2011 was "unremediated" and that its controls and procedures are still not effective. (Form 10-Q) | 1 Comment
GPRC vs. ETF Alternatives
Guanwei Recycling Corp., is a plastic recycling company. The Company is engaged in the manufacture and distribution of low density polyethylene (LDPE) and other recycled plastic products using imported raw material in the form of plastic waste.
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