L****n
发帖数: 12932 | 1 this is what this guy said about FUQI back in Dec. 09 (last quarter) about
FUQI's earning report on seekingalpha:
"In the past month, Motley Fool produced a jaw-dropping 10 headlines for
Fuqi International (FUQI), a Chinese jewelry manufacturer. During this
period, the stock went from $20 to $22 and then to $18 at the close of last
Friday. I will not be a buyer for Fuqi here. In the last earning report,
Fuqi had an irregular item to boost revenue and showed little progress in
its expansion into |
c********t
发帖数: 4527 | 2 what's his name?
and I also I wondered, FUQI did 105 mil offering last summer, or was 105 mil
IPO?
anybody know anything about this 105 mil offering? when and at what price?
last
19
【在 L****n 的大作中提到】
: this is what this guy said about FUQI back in Dec. 09 (last quarter) about
: FUQI's earning report on seekingalpha:
: "In the past month, Motley Fool produced a jaw-dropping 10 headlines for
: Fuqi International (FUQI), a Chinese jewelry manufacturer. During this
: period, the stock went from $20 to $22 and then to $18 at the close of last
: Friday. I will not be a buyer for Fuqi here. In the last earning report,
: Fuqi had an irregular item to boost revenue and showed little progress in
: its expansion into
|
L****n
发帖数: 12932 | 3 In detail explanation of accounting irregularity, he wrote:
"I explained (ODM, an odd item in the revenue report) in detail:
1. ODM (Original Design Manufacturing) is an irregular item; we have
never heard this item before the last earning call.
2. Without ODM, the revenue is a miss.
3. If without ODM, the revenue is a beat, then ODM is a nice-to-have and
a positive item.
4. If revenue is a beat only with the addition of ODM, the ODM becomes a
suspicious item, a made-up to make the r |
L****n
发帖数: 12932 | 4 in conclusion, he wrote:
"Motley Fool published 10 articles pumping Fuqi. Out of seven analysts
covering this stock, four strong buys, two buys and one hold, dismissing the
ODM issue. Some of them even called ODM a growth opportunity. Despite the
high ratings, the stock traded sideways, underperforming the broader market.
The weirdest thing about this stock is that some heavyweight hedge funds
have long since discovered Fuqi's problems and have been shorting this stock
. Short interest on the st |
L****n
发帖数: 12932 | 5 跟FUQI约会的伙计们， 这个账单会很贵的。 搞不好还得赔上离婚瞻养费， 呵呵。 |
c********t
发帖数: 4527 | 6 hehe,
that's what stock is better than marriage,
you can say bye bye any time you want
no 离婚瞻养费.
【在 L****n 的大作中提到】
: 跟FUQI约会的伙计们， 这个账单会很贵的。 搞不好还得赔上离婚瞻养费， 呵呵。
|
L****n
发帖数: 12932 | 7
Well, the longer you date, the higher it costs. you hold till it dies, then
that's just like alimony - pay for all it's live.
【在 c********t 的大作中提到】
: hehe,
: that's what stock is better than marriage,
: you can say bye bye any time you want
: no 离婚瞻养费.
|
J******s
发帖数: 913 | 8 That was a secondary offering, priced above $22 per shares. The bigger
buyers were not fools, although at this moment they look like.
The bottom line is that the company is making money in a country with great
growth. Their EPS even after the adjustment, should still be about $1.5. So
the P/E is below 7 already. In addition the company has almost $5 cash per
share.
I certainly hope the dust is settled soon. The management made a mistake,
but they recognized that and will correct it. I like that.
【在 c********t 的大作中提到】
: what's his name?
: and I also I wondered, FUQI did 105 mil offering last summer, or was 105 mil
: IPO?
: anybody know anything about this 105 mil offering? when and at what price?
:
: last
: 19
|
m*********a
发帖数: 3299 | 9 Daniu. Frogs like me never understands those accounting tricks. SO losing
money all the time to crooks.
last
19
【在 L****n 的大作中提到】
: this is what this guy said about FUQI back in Dec. 09 (last quarter) about
: FUQI's earning report on seekingalpha:
: "In the past month, Motley Fool produced a jaw-dropping 10 headlines for
: Fuqi International (FUQI), a Chinese jewelry manufacturer. During this
: period, the stock went from $20 to $22 and then to $18 at the close of last
: Friday. I will not be a buyer for Fuqi here. In the last earning report,
: Fuqi had an irregular item to boost revenue and showed little progress in
: its expansion into
|
a****b
发帖数: 3588 | 10 i like the cockroach part.
just discovered cockroaches in my kitchen.....killed a bunch last night.....
duh!
last
19
【在 L****n 的大作中提到】
: this is what this guy said about FUQI back in Dec. 09 (last quarter) about
: FUQI's earning report on seekingalpha:
: "In the past month, Motley Fool produced a jaw-dropping 10 headlines for
: Fuqi International (FUQI), a Chinese jewelry manufacturer. During this
: period, the stock went from $20 to $22 and then to $18 at the close of last
: Friday. I will not be a buyer for Fuqi here. In the last earning report,
: Fuqi had an irregular item to boost revenue and showed little progress in
: its expansion into
|
|
|
L****n
发帖数: 12932 | 11 honestly, I don't understand their accounting either. even though I own a
small business and produce balance sheet whenever the account decides to. I'
m so hoping someone in the know can share his/her knowledge. |
m*********a
发帖数: 3299 | 12 I guess when you are that good, you will want to make money quietly. Who
will give info out for an unknown gold mine?
I'
【在 L****n 的大作中提到】
: honestly, I don't understand their accounting either. even though I own a
: small business and produce balance sheet whenever the account decides to. I'
: m so hoping someone in the know can share his/her knowledge.
|
c********t
发帖数: 4527 | 13 Thanks JadeFans,
I'd look more into the second offering, not that matter much,
it can give some hint.
Also, in the end it is business, even cheating for some time.
Now what we know FUQI's business?
I know it can be saved by an idea/product/IT that I know,
however, we need to know more about viability of their current business.
great
So
,
can
【在 J******s 的大作中提到】
: That was a secondary offering, priced above $22 per shares. The bigger
: buyers were not fools, although at this moment they look like.
: The bottom line is that the company is making money in a country with great
: growth. Their EPS even after the adjustment, should still be about $1.5. So
: the P/E is below 7 already. In addition the company has almost $5 cash per
: share.
: I certainly hope the dust is settled soon. The management made a mistake,
: but they recognized that and will correct it. I like that.
|
w*******o
发帖数: 6125 | 14 本来不想趟这个浑水的，但忍不住还是说两句，我对这个FUQI不了解，但第一直觉是：
跟LDK太像了，我说的像是指股民被忽悠和为其辩护的哪些理由，比如说怎么怎么有前
途，创始人占的股份很大，所以股价不会大跌的，增发的价格是多少多少，机构也不是
傻子，等等，等等，以及假帐风波，股价被拉高和抛弃的轨迹。都很像。
LDK有没有辉煌过呢？有。会不会再次辉煌呢？Nobody knows,如果你靠炒LDK发过财，
恭喜你。对一般心脏不好的，我的建议是：惹不起你还躲的起，＂机会＂，就像青春，
有一部分是拿来浪费的。 |
n*******2
发帖数: 28 | 15 All in all, I just don't like the so called excuse of accounting error. It
hurts all Chinese brand names here. The weird stuff sounds ridiculous: the
CEO, also the owner still hold over 51% stocks and did not sell any since
last September high. I got no clue why they did that! It eventually ruined
everything, reputation and business. |
c********t
发帖数: 4527 | 16 Really?
how we know that CEO did not sell any on the high?
or his hedge fund keep shorting while he keeps the shares as public
impression (or illusion)?
【在 n*******2 的大作中提到】
: All in all, I just don't like the so called excuse of accounting error. It
: hurts all Chinese brand names here. The weird stuff sounds ridiculous: the
: CEO, also the owner still hold over 51% stocks and did not sell any since
: last September high. I got no clue why they did that! It eventually ruined
: everything, reputation and business.
|
n*******2
发帖数: 28 | 17 the insider trading can be traced from sec filing.
【在 c********t 的大作中提到】
: Really?
: how we know that CEO did not sell any on the high?
: or his hedge fund keep shorting while he keeps the shares as public
: impression (or illusion)?
|
n*******2
发帖数: 28 | 18 except cfo sold off a small amount last dec.
【在 n*******2 的大作中提到】
: the insider trading can be traced from sec filing.
|
g**********1
发帖数: 399 | 19 谢谢大牛，原来LDK不是什么好股票啊。汗
【在 w*******o 的大作中提到】
: 本来不想趟这个浑水的，但忍不住还是说两句，我对这个FUQI不了解，但第一直觉是：
: 跟LDK太像了，我说的像是指股民被忽悠和为其辩护的哪些理由，比如说怎么怎么有前
: 途，创始人占的股份很大，所以股价不会大跌的，增发的价格是多少多少，机构也不是
: 傻子，等等，等等，以及假帐风波，股价被拉高和抛弃的轨迹。都很像。
: LDK有没有辉煌过呢？有。会不会再次辉煌呢？Nobody knows,如果你靠炒LDK发过财，
: 恭喜你。对一般心脏不好的，我的建议是：惹不起你还躲的起，＂机会＂，就像青春，
: 有一部分是拿来浪费的。
|
n******n
发帖数: 12088 | 20 顶。
【在 w*******o 的大作中提到】
: 本来不想趟这个浑水的，但忍不住还是说两句，我对这个FUQI不了解，但第一直觉是：
: 跟LDK太像了，我说的像是指股民被忽悠和为其辩护的哪些理由，比如说怎么怎么有前
: 途，创始人占的股份很大，所以股价不会大跌的，增发的价格是多少多少，机构也不是
: 傻子，等等，等等，以及假帐风波，股价被拉高和抛弃的轨迹。都很像。
: LDK有没有辉煌过呢？有。会不会再次辉煌呢？Nobody knows,如果你靠炒LDK发过财，
: 恭喜你。对一般心脏不好的，我的建议是：惹不起你还躲的起，＂机会＂，就像青春，
: 有一部分是拿来浪费的。
|
|
|
n******n
发帖数: 12088 | 21 CEO可以把股权抵押给银行。彭晓峰就是这么干的。
【在 n*******2 的大作中提到】
: the insider trading can be traced from sec filing.
|
n******n
发帖数: 12088 | 22 LDK是本版第一名股。
【在 g**********1 的大作中提到】
: 谢谢大牛，原来LDK不是什么好股票啊。汗
|
g**********1
发帖数: 399 | 23 me little frog don't know ah, just searched a buy signal weeks ago, 挣了几毛
钱觉得走得怪，赶紧跑了
【在 n******n 的大作中提到】
: LDK是本版第一名股。
|
B*S
发帖数: 1328 | 24 That is what is called an interest conflict...
Once they proved that they are not trustworthy, no need for any FA or TA,
they are playing you and the market. It's their book, do you think you can
beat them? |
j*****h
发帖数: 3292 | 25 都说过了， 这个公司的FA 太简单了
或者他的CFO 太业余了
Net income, 4季都是正的
operation cash flow 4季都是负的
cash accounting 和accrual accounting 的区别
再看看他的positive cash flow 是从哪来的？？
卖股票
其他都不用说了，我这种业余选手看5分钟， 那些ANAL-yst pump 何居心啊 |
j*****h
发帖数: 3292 | 26 翡翠啊， 这我就不得不说你了
虽然你要亏也是自已的钱
但你是叫兽啊，应该有academic approach 啊 |
j*****h
发帖数: 3292 | 27 here comes a little juice
http://www.stocktradingtogo.com/2009/06/17/corporate-accounting-scandals-detecting-enron-worldcom-aig/
5 Ratios that Help Detect Accounting Scandals
5. Operating cash flow versus earnings per share (EPS) – GAAP accounting
intends to match expenses with revenue. If a company buys inventory it does
not take the cost as an expense when the inventory is paid for. Instead,
GAAP allows the expense to match the revenue, and recognizes the expense
when the item is sold. In theo |
