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SNOFF.PK

Sino-Forest Corp.

6/20/2013, 7:42 AM ET

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FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

Why It's Hard To See All The Trees For Sino-Forest
Streetwise Blog • Wed, Feb 1, 2012
No One Saw the Sino-Forest Story Coming?
Intelligent Speculator • Wed, Jun 22, 2011 • 24 Comments
Sino-Forest Shares Plunge 27%
Market Blog • Tue, Jun 21, 2011
RBC Sticks by Sino-Forest
Market Blog • Fri, Jun 10, 2011 • 15 Comments
Making Sense of Sino-Forest
Felix Salmon • Sat, Jun 4, 2011 • 34 Comments
Sino-Forest's Lush Outlook: Higher Fiber Yields, Faster Growing Trees, More Land
George Fisher • Wed, Jan 26, 2011 • 17 Comments
Sino-Forest: China's Largest Timber Company
George Fisher • Mon, Mar 29, 2010
New Stumpage for Sino-Forest
FP Trading Desk • Fri, Aug 15, 2008 • 1 Comment
China's Non-Grain Ethanol Push Should Benefit Sino-Forest
FP Trading Desk • Mon, Apr 14, 2008 • 3 Comments
Russian Log Export Tax Should Benefit Sino-Forest
FP Trading Desk • Sun, Apr 6, 2008
Sino-Forest Corp. Should Weather China Storm Damage
FP Trading Desk • Thu, Feb 14, 2008

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Salesforce And The Sell Side Kool-Aid
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Wall Street Breakfast: Must-Know News
SA Editor Yigal Grayeff • Tue, Nov 15, 2011 • 31 Comments
Are All Chinese Stocks Created Equal?
Alex B. Gray • Tue, Aug 30, 2011 • 14 Comments
Wall Street Breakfast: Must-Know News
SA Editor Yigal Grayeff • Mon, Aug 29, 2011 • 59 Comments
Sino-Forest Teaches Us A Valuable Lesson
Devon Shire • Mon, Aug 29, 2011 • 32 Comments
Wall Street's Half-Reports on the Solar Industry's Bright Future: Part 3
Clearwave Capital • Thu, Aug 4, 2011 • 9 Comments
5 Speculative Special Situation Stocks With Lots of Upside Potential
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Investing in Chinese ADRs Is Not as Simple as Following IBD's Checklist
Jiang Zhang • Sun, Jul 24, 2011 • 14 Comments
John Paulson Needs to Go Austrian
Econophile • Tue, Jul 5, 2011 • 7 Comments
The Great Transparency Wall of China, Part II
Robert Weinstein • Tue, Jun 14, 2011 • 15 Comments
Serious Doubts About Investing in China
Intelligent Speculator • Mon, Jun 13, 2011 • 7 Comments
What's Driving the Success of Timber ETFs?
Eric Dutram • Thu, Apr 28, 2011 • 4 Comments
Canada's Timber Industry Cuts Out the U.S. in Favor of China
Investment U • Mon, Feb 7, 2011 • 8 Comments
China’s Hunger for Wood Raw Material Pushes Timber Prices Upward
Hakan Ekstrom • Tue, Nov 23, 2010 • 9 Comments
Don't Ignore China's Potential Long-Term Shift in Timber Suppliers
George Fisher • Sun, Oct 31, 2010 • 15 Comments
Current 'Beetle Invasion' and Some Timber Companies Worth Watching
George Fisher • Thu, Jul 1, 2010 • 5 Comments
Timber: How to Play It and Why
Jeffrey Dow Jones • Fri, Jun 25, 2010 • 10 Comments

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SNOFF.PK vs. ETF Alternatives

Company Description

Currently, there's no company description for SNOFF.PK.

Sector: Industrial Goods

Industry: General Building Materials

Country: China

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| Earnings
| Dividends
| M&A
| On the move

Friday, March 30, 2012, 12:30 PM More on Sino-Forest: The company reaches agreement with its lenders to either sell the firm or hand them the keys, and will file such in court today in Canada. It is also suing "Muddy Waters, Carson Block, and others, relating to the allegations made against the company." (PR) Comment! [Global & FX]
Friday, March 30, 2012, 12:21 PM Troubled timber firm Sino-Forest will file for bankruptcy protection today, according to sources. The company had a market cap of $6B less than a year ago, before a June report from Carson Block outed fraudulent practices there. 2 Comments [Global & FX]
Monday, December 19, 2011, 4:56 AM Sino-Forest (SNOFF.PK) announced late yesterday that it had defaulted on two sets of bond payments, and is seeking waivers from bondholders. The company reiterates that it's considering all its options, including a possible sale. 3 Comments
Friday, December 16, 2011, 2:31 AM Sino-Forest's (SNOFF.PK) largest shareholder called yesterday for a board shake-up, saying directors are taking too long to clear the company of fraud allegations. A second major investor published an open letter questioning the commitment of Sino's board to its shareholders. The two hold a combined 37% stake. Comment!
Tuesday, December 13, 2011, 9:56 AM Sino-Forest (SNOFF.PK) yesterday said it would miss a $9.775M interest payment due for Thursday and consider selling itself. The timber company is also delaying its Q3 results until it can answer questions raised by an independent committee about its relationships with certain intermediaries and suppliers. Comment!
Tuesday, November 15, 2011, 3:46 AM Sino-Forest (SNOFF.PK) says an independent report verifies the company's timber assets, cash balances, book values and revenue, thereby refuting claims from short seller Muddy Waters, which accused Sino-Forest of being a "near total fraud" and a "Ponzi scheme." 2 Comments [Top Stories]
Friday, October 21, 2011, 11:33 AM Sino-Forest (SNOFF.PK) deposits funds necessary to make a semi-annual interest payment on some of its debt, possibly easing concerns about its financial health. Alas, there is no way to check investor reaction as the company's shares have been suspended from trading since August. 1 Comment [Global & FX, Commodities]
Sunday, August 28, 2011, 12:22 PM Following Friday's drama in which Canadian regulators published and later rescinded an order for the resignation of Sino-Forest's (SNOFF.PK) senior management, the company announces CEO Allan Chan has stepped down. The shares were suspended in Toronto on Friday, but lost 71% on the pink sheets. (PR) 3 Comments [Global & FX]
Friday, August 26, 2011, 12:58 PM Sino-Forest (SNOFF.PK -60%) pops off its lows as the OSC rescinds its earlier order requiring 5 directors and officers to resign from the company. The shares remain halted in Toronto. Still down 60%, the stock has bounced 45% off the day's low. Comment! [On the Move, Breaking News]
Friday, August 26, 2011, 9:34 AM Timber... Ontario Securities Commission orders senior officers and directors of Sino-Forest (SNOFF.PK -53%) to resign, and halts shares. OSC believes Sino has "misrepresented some of its revenue and/or exaggerated some of its timber holdings" and that some officers - including CEO Allen Chan - appear to be engaging in acts "they know or reasonably ought to know perpetuate a fraud." 2 Comments [On the Move, Breaking News]
Thursday, July 21, 2011, 2:45 PM Having seen major first-half fund losses, caused in part by a $107M loss on Sino-Forest (SNOFF.PK), John Paulson says he was "too aggressive" with some of his investments, and is cutting holdings in banks with heavy mortgage exposure. However, Paulson still likes Capital One (COF) and Wells Fargo (WFC), which have less exposure. 1 Comment [Financials, Quick Ideas]
Wednesday, July 20, 2011, 10:42 AM Sino-Forest (SNOFF.PK) shares pop 12.5% after Richard Chandler, who runs a Singapore investment firm, announced he owns 11% of its outstanding stock. Still, shares at ~$5 are well off levels of $20-plus in May, before financial allegations about the company began to circulate. Comment! [Global & FX, On the Move]
Tuesday, June 14, 2011, 3:19 PM Embattled Chinese tree-plantation company Sino-Forest (SNOFF.PK -19.3%) says its largest shareholder, Paulson & Co. is "very supportive," offering suggestions on how it might handle its situation. Owning 14% of the company, what else could Paulson be? 3 Comments [Global & FX, Commodities]
Tuesday, June 14, 2011, 7:18 AM Sino-Forest (SNOFF.PK) reports a Q1 net loss of $22.1M, and negative cash flow from operations of $121.5M. Sino says it's devoting "much of its resources" to examine Muddy Waters' allegations, and expects an internal probe to take at least two to three months, but that it stands behind its previous financial statements. (PR) Comment! [Earnings, Breaking News]
Wednesday, June 8, 2011, 10:59 AM Dundee's Rich Kelertas accuses Muddy Waters of pre-marketing its damning report on Sino-Forest (SNOFF.PK +9.6%) to hedge funds. Short interest nearly doubled not long before the release, spiking to a record 35% of the float. The average short interest in the S&P TSE Index is just 4.8%. 1 Comment [Global & FX]
Tuesday, June 7, 2011, 4:56 PM A few voices are beginning to defend Sino-Forest (SNOFF.PK), disputing the Muddy Waters contention that it's akin to the Madoff Ponzi scheme. RBC's Paul Quinn says the company has provided a "strong response" to concerns of forest ownership in China, and Dundee's Rich Kelertas believes there's nothing fraudulent "to the best of our knowledge." 3 Comments [Global & FX]

Short Charade
We're looking at ABAT.PK, GURE, and CAGC.PK - SNOFF.PK
12/20/11
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George Fisher
SinoForest TRE.TO, SNOFF.PK halted on TX pending news. Down 20%, 30% respectively
6/2/11
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Patrick Harden
Interesting developments on Chinese RTO Sino-Forest Corporation (SNOFF.PK). Muddy Waters claims stock nearly worthless, shares plummet 17%.
6/2/11
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