Can you imagine a stock in the folllowing situation?
- Fertilizer producer in China. One of the hottest products in China.
- PE of approx 2. Yes TWO
- Audited by top auditor, 50MM investment during 2011 by Top US fund. Obtained during q4/2011 a working capital loan from a prominent bank. How much more due dilligence do you want?
- Growing st avg 50 percent per year.
- Today Yong reported that a backlog in AR per dec 31, 2011 has been resolved during Q1/2012.
- A roadshow is coming during the coming weeks to attract more institutional investors.
The shorts, manipulating the shares for a long time, are getting out of arguments.
Watch the short cover soon.
Disclosure: I am long YONG.