Rick Pearson, who is long the stock, happened to tour the company with the writers of a critical report that hurt the shares, and he questions their research.
Individual company fundamentals are now taking a back seat to overall market sentiment in determining stock prices, creating an opportunity to occasionally pick up value stocks on the cheap.
Despite tremendous profitability and a listing on the New York Stock Exchange, Duoyuan Printing has traded down to where its P/E is only 6.5 times trailing earnings.
New Energy Systems will soon release annual results that contain non-cash charges related to share issuances and acquisitions. There are two reasons I will ignore those charges.