About Alfredlittle.com
Alfredlittle.com (“A*L”) is owned and operated by Jon Carnes for the purpose of publishing his “long” and “short” investment opinions of publicly traded companies listed anywhere in the world, with a special focus on companies operating in China.
Mr. Carnes’ investment opinions remain on A*L for one year after the date of publication, after which they are archived and available upon request to researchers or regulators on a case by case basis.
So Al, let’s cut to the chase already … are there any honest Chinese companies that you like?
They were all certainly spanked hard over the last 6 months … but the nation certainly has a future, and there will be stock winners … one would expect for decades. How about putting up lists of good ones and bad ones too, and maybe websites or writers that you also trust on the subject? Thanks Al ! Anyone posting the nked truth online deserves a medal !
Your work on RINO was terrific. Have you looked at HRBN? Do they have any of the same characteristics (besides “auditor”)? Are their State Administration of Taxation (SAT) and SEC numbers consistent? I think that was an excellent piece of research. Is there SAT filings in English? Thanks.
hi
how does a company as cbeh get on the nasdaq for 4 years?
Hi Bob. Getting listed on a major exchange such as NASDAQ involves little or no due diligence on the part of the exchange. Nevertheless, many institutional investors are only allowed to buy “listed” companies. I believe this is due to liquidity considerations rather than institutional belief that somehow “listing” means a company passed due diligence.
I have carefully read your site on SCEI’s report.Involved in your article to the tax invoice is not listed (SCEI). In my opinion, SCEI the direction of development of the company complies with the Chinese government’s “Twelfth Five-Year Plan “, clean energy in the future there will be more long-term sustainable development. If only one-sided view of the problem, not against SCEI shares for the purpose of making their own profits,.
That is to destroy a growing business. The future development of the world is looking at China, energy conservation is top priority.
Dear Sir:
I am a reader of your research reports,and also a investor,I am appreciated that your research give me a lot of help,some chinese company is very bad inside,but high stock price,I want to share some information about the VanceInfo Technologies Inc.NYSE:VIT, this company actually can be called a “offshore software development company “,cause they didn’t developed any software at all,they just “sell emoployees” to some big IT company,like IBM CHINA,HP CHINA…,and the clients pay VanceInfo per month per person,and don’t sign the employee contract straight,so a lot of young man think they work for IBM,HP,actually they more like be rented by VIT.and VIT give them much lower payment than in the market, and manage all the people is the main type of service in the company, as I know,the only software in VanceInfo maybe just some HR,CRM software just for theirselves.VIT have nothing really work on software developed,I worked for IT industry for more than 10 years,and I own my small software developed workstudio now, I am very sure that what is really work about “software development company “,the SINA,Tencent,is really good company,they do the really software developed,but VanceInfo? It’s more like a HR company,just the boss have a big backgroud,sb.told me that he is a son of a big guy,so the VanceInfo are “big”.and i was surprised VanceInfo can listed on NYSE!! maybe they have no dare to listed in China stock market,it’s a big joke.
Agreed! I will check into this. Thanks so much for the lead!
I congratulate on your excellent work.
As a Chinese mainlander and certified public accountant, I can’t say i have a lot of confidence in Chinese system. Everything can be bought at a price, including audit reports. Fake contracts are everywhere – to meet your sales target, no problem. Have your friend sign a contract at month end and reverse it out later with another contract from a friend. It happens every day.
At the end of the day, wall street likes bubble anyway. Chinese knows how to play the game and they know there are enough fools out there who are willing to jump in.
I know a case where reputable US investment banks in HK invested in a mainland company that was ready for go IPO. A whistle blowing letter came to HK Securities and Futures Exchange stating the company faked its sales result. One of the investment banks sent private investigator to the company stores and literally observed sales from distance for a few days. They went in later to check the sales register and the numbers did not tie to what they observed. One of the investment banks backed out but the others stayed on. They just don’t care as long as they cash out.
My point is that there are two types of foriengers – 1) just being dumb as they have no idea what Chinese is about. There little experience about China is probably a one-week trip to China ang then get giddy about China; 2) just being ignorant. Fully aware of all the risks but expect the next fool will be even biggar one.
Last thing, China has changed so much in the last ten years and the income parity becomes so large. Morality and ethics are a thing of past. Anyone can be corrupted, including government officials, bank staff and auditors. If you ask Chinese, they never trust anyone.
Your exposing Sino Teck Energy cost me $46,000.00. I only wish that I had joined you services before I lost my money. Every qtr they kept posting great earning and revenue growth, I am praying for a class action against the banks,under writters,auditors, and the board. I was a sucker for the IPO, What a trap! I own several China stocks and now I wonder if they are real businesses. Thanks
Your heroic deeds do not go unnoticed.
how about investigating the SEC, COMEX, White House, Congress, AT&T, BP, NYSE, DOD, Haliburton, etc.