China Sunsine Chemicals Holdings

[weijian]

It is not an unreasonable statement from GG, IMO, even though I am cautiously optimistic on the company.

It didn't say the company is worth-less, but it is saying the company will worth much less IF it behaves as those lousy S-Chip counters.

First and foremost, i have no vested interests in any of GG's recommedations or China sunshine. So i suspect i dont suffer from any biases or halo effects.

I am afraid I have to agree with specuvestor/bluechipfan on this. While personally, i have learnt a great deal from GG's postings of his original analysis or news articles, I think for this matter, GG can do much better. It takes a lifetime to build a reputation, but only a single moment to lose it.

VB forumers know the drill - An opinion or statement of GG's sort could be substantiated with analyses (as examples below):
- depleting cash flow with large receivables, and suspected tunnelling capex which doesn't make sense.
- large cash position does not reconcile with corresponding actions (not paid as dividends or sharebuyback, low interest income, rights/convertible loans at non-sensible terms)
- Ridiculous "1-in-50-year kinda flood" events that generally are unheard of in peaceful Spore - missing abalones with their shells gone as well. Overnight office fire wipes out all papers.
- Not on 1 of the top XX tax payers in the province (greenrookie was the originator?)