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BenGan

BenGan
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  • Western Lithium: Potential Multi-Commodity Producer By 2018 [View article]
    Nothing ventured nothing gained. This is a good calculated-risk stock. Go for it.
    Electric cars are the cars of the future.
    Feb 25, 2014. 05:13 PM | 3 Likes Like |Link to Comment
  • Consider Yongye's If Its Buyout Price Is Raised To $11.50 [View article]
    In consideration of the fact that Yong has survived the smear campaigns of short sellers, the support of Morgan Stanley, the suspension and relisting of the stock, the strong balance sheet, integrity of the CEO, the improving quarterly report, the decreasing figures in the accounts receivable, and the agreement of the Development Bank of China to finance the buyout, I believe Yong is a good buy at around $6 per share.

    Because China-based companies are infamous in creative accounting, my concern is what is likely to happen if the offer to privatize the company is withdrawn. Will investors' confidence in the company simply vanish and cause a big drop in the stock price?
    Aug 11, 2013. 08:54 PM | Likes Like |Link to Comment
  • Yongye International: Risky Business [View article]
    After Yong got suspended, I thought my money was gone with the wind.
    China-based companies, how to ever trust them again, I was thinking to myself.

    If Yong was indeed delisted, China-based companies would be much feared and avoided by most investors everywhere. Nasdaq would get a bad image and so would all the analysts who had recommended Yong as a good buy.

    Fortunately, Yong got listed again. This has brought lots of cheers to lots of investors. But people are still scared.

    When you have been beaten by a snake, you will shudder at the sight of a string. How else do you explain that Yong is stay-put at around $5.50 a share?

    Assuming that it gets privatized at $6.60 per share within 6 months from now, the gain would be $1.10 for every $5.50 you invested. This means a 20% return within 6 months. This, surely, is a big attraction to many investors.

    What is the chance that Yong may not get privatized? Logistically speaking, the chance of it being privatized is higher than not being privatized. How then do you explain that Yong is not moving at all?

    Fear is greater than greed, I suppose.
    Jul 12, 2013. 08:24 AM | 1 Like Like |Link to Comment
  • Yongye International: Risky Business [View article]
    If Yong turns out to be a fraud, then the offer to take it private at 6.60 is obviously a scam.
    How can we ever trust a China-based company listed anywhere in the world if America can be so easily fooled by the Chinese. And if we can't trust even the big-four auditors, fundamental analysis is of no use.
    Mar 28, 2013. 09:06 AM | 2 Likes Like |Link to Comment
  • Yongye: When A Halt Is Just A Start [View article]
    If the offer to privatize Yong is a scam, and the directors are allowed to go untouched, those who dare to invest in China-based counters listed in America from now on, must be very brave or very stupid.
    If, indeed, the offer is a scam, the conmen must be brought to justice.
    Mar 27, 2013. 03:57 AM | Likes Like |Link to Comment
  • Shares of Yongye International (YONG +14.7%) surge the most in more than two months after the Chinese fertilizer maker said the country’s state-owned bank offered to provide financing of as much as $232M to support its going-private deal[View news story]
    Yong is expected to be privatized at 6.60. I think the market price should be close to 6.60 moving forward.
    Dec 29, 2012. 08:32 AM | Likes Like |Link to Comment
  • 2 Pharmaceutical Companies Trading Below Net Cash - Part III [View article]
    China-based companies are too difficult to understand. Best to avoid them all.
    Jul 7, 2012. 10:28 AM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    Yongye is like a drunkard. Just when it looks good, it turns unstable. Is MS really that stupid to invest in a fraud? Why is the stock so consistently inconsistent? Fraud or otherwise, the market is the best judge. Let's wait and see.
    Jun 16, 2011. 08:39 PM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    The smartest way to survival in the stock market is to change with the circumstance. In the last session, Dow was down 178.84 points but Yongye was up 8c at $5.48.
    Clearly the writing is on the wall. Yongye is poised to moved up further. The $50 million from Morgan Stanley is showing its impact. Anyone can lie, but charts don't.
    Jun 15, 2011. 08:51 PM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    BEA,
    Two men look out from the same window. One sees the stars; the other sees the trees. You see what you want to see and you are entitled to your own believe.
    Jun 15, 2011. 10:21 AM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    The negative report of Yongye by Absaroka Capital Management on May 18, 2011
    sent Yongye down to RM3.52 the following day. Those who had listened to the report and sold at or around that price must be cursing now, 'cos Yongye closed at RM5.40 on
    June 14,2011.
    Fundamental aside, the technical aspect of Yongye is that its 5-month downtrend has since its low of RM3.52 changed direction. Don't tell me that this reversal of trend is also a fraud.
    Action is stronger than words. Don't listen to what they say; pay attention to what they do. Follow the trend; it is your friend.
    Jun 14, 2011. 07:51 PM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    BEA,
    Morgan Stanley has bought $50 million of preferred shares in Yongye, and an executive of Morgan Stanley known as Homer Sun has joined Yongye. Do you called this a fraud?!!!!
    Jun 13, 2011. 07:39 PM | Likes Like |Link to Comment
  • Yongye May Be Poised for a Rally [View article]
    What Yong has to do is to declare a dividend to pump up its price. I hope it does this soon. It will then be interesting to see how the shorts run for cover.
    Jun 10, 2011. 05:47 PM | Likes Like |Link to Comment
  • Is Advanced Battery's $20M Acquisition a Complete Fabrication? [View article]
    I bought some ABAT shares during the Class Period. Could anyone please advise me whether it is advisable to join the Class Action against ABAT? Is there anything to lose joining such action? Thanks.
    Apr 15, 2011. 02:22 AM | Likes Like |Link to Comment
  • Is Advanced Battery's $20M Acquisition a Complete Fabrication? [View article]
    ABAT took 7 days to give a proper refutation to the allegations. This is unacceptable as the allegations are of a serious nature. The first refutation given by its CEO, Mr Fu has no value. In fact it is more negative than positive because of its weak denial. Law firms that encourage investors to file class action before doing a due diligence are adding fuel to the fire. At this point in time, the general public is greatly confused. The SEC should have suspended this stock as soon as the scandal surfaced and immediately wrote to the company for clarification. If it can't look after their investors well, many will shun away from the American Stock Exchanges.
    Flies will not roam on eggs that do not have any cracks. I believe there is fraud at ABAT, however, the density of which is difficult to fathom.
    Apr 7, 2011. 02:49 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
33 Comments
24 Likes