"From a fundamental valuation perspective, there are some screaming deals" among Chinese ADRs,...

|By:, SA News Editor

"From a fundamental valuation perspective, there are some screaming deals" among Chinese ADRs, says accounting prof Paul Gillis, as he discusses Muddy Waters' attack on Focus Media (FMCN).  "But the overhang of fraud and regulatory challenges must make one pause." He adds there's "a great deal of distrust of crony boards." Some critics of U.S. corporate governance might sympathize.