false accountancy, as discovered by citron's research, and should follow Longtop, China Agritech, .... and other chinese companies.
Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
DEER looks like a ticking time bomb that could explode in the right direction. Big upside
Low P/E with Movement Potential
This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).Deer Consumer Products, Inc. went public via a reverse merger in 2008. The company is based in China.
Value Stocks Screen Multiple Ratios
Whacked bigtime, but this is a long term story for me. Looks like support level near $8. Officer recently piled on over $2 million worth of shares. Way oversold
It is a solid stock with all the correct fundamentals
DEER (NASDAQ:FRAUD) - Enough Said
Deer Consumer Products has a lot going for them. The small appliance market has doubled in the last 5 years and is projected to continue this up trend. This is being fueled by the speed at which the Chinese middle class is expanding. With the average Chinese household owning a mere 5 home appliances, there is plenty of room for growth. How many kitchen appliances do you have in your house? Without looking I'd guess we have about 15-20. Heck we have two coffee grinders, why, I'm not sure, but we do because every household loves their kitchen gadgets! I've personally owned this stock since approx. 3 months before it hit the nasdaq. I sold shortly after the 2:1 split taking a tidy profit and thinking the stock went up too fast. After reevaluating the company's position I have recently repurchased shares in 2010, and intend to purchase more this month. I intend to sit on them for at least 5 years, and wouldn't be surprised to see a multi bagger in the making.
Real money in all my rated stocks.
Holler: 56% insider ownership, 159% sales growth, 206% EPS growth
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