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 | 6812  | | ADY | | 01-Jan-2000 02:06 AM | |
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 | 11229 | | ADY | | 14-Jul-2011 04:02 PM | |
Bob,
Please look into this Feihe Intl (NYSE:ADY) finding. |
| 11212 | | ADY | | 14-Jul-2011 10:13 AM | |
http://news.linkmall.cn/pinpai/20110628/123805.shtml
It looks like their production facility does not meet government health standards. |
| 10426 | | ADY | | 04-Jun-2011 12:09 AM | |
Even if someone wants to buy a problem company and turnaround, they want to get in cheap. ADY does not look cheap to me at nearly 2x price/book, and even if they can indeed report 0.25 EPS per quarter, that would be just $1 EPS annually. I don't think anyone would like to get in with such a low margin of safety. Also companies with huge liability is hard to attract buyers.
If it is bought out, someone needs to increase its market share as well as cut cost, which is really hard when so many bigger players no longer have the toxic milk issue. |
| 10425 | | ADY, CSR, HRBN | | 03-Jun-2011 10:24 PM | |
Muscleman, Yes. you are correct. Feihe Intl (NYSE:ADY) certainly has its share of problems. The key question is >> Is ADY a real company with real problems? Many times, the companies that go private or get bought out are those that have real problems that a suitor believes can enter cheap and turn things around prior to an exit strategy. Feihe Intl (NYSE:ADY) China Security (NYSE:CSR) and Harbin Electric (NASDAQ:HRBN) may all fit into the category of real companies (at least on the revenue line) with real problems.
Also, via SAIC analysis, we are beginning to see companies that match on revenues, but are way off on income. This solidifies thoughts that many ChinaHybrids have exaggerated margins in SEC documents. i.e. too good to be true.
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| 10424 | | ADY | | 03-Jun-2011 08:18 PM | |
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| 10419 | | ADY | | 03-Jun-2011 05:14 PM | |
http://exploit.wuhanrencai11.cn/Articles/30188065
Their milk quality don't seem to be great.
They reported $0.25 EPS for Q1. Compared with Q1 last year, its condition is actually getting worse. I won't be surprised if it reports a losing Q2, and I have some small amount of put options.
Their CEO bought shares? Well, that smells more like the TSTC situation. Also CBEH anounced share buyback. |
| 2516 | | ADY | | 20-Apr-2010 06:58 PM | |
ADY has just been so inconsistent meeting guidance. I want to lilke it, but too many other more certain play. I approach ADY when it presents trading opportunities. Maj |
| 2302 | | ADY | | 19-Mar-2010 06:49 AM | |
Johan please email me hompie@ziggo.nl thanks, Marco |
| 2294 | | ADY | | 18-Mar-2010 10:36 AM | |
Jack, The main problem was and is cross-territory selling in which distributors disrupted regular sales patterns by diverting infant formula products outside of their delegated geographic regions. This is because management chose to grow too fast so that it became unmanagable, with no supervision on the distributors. Greetz, Johan |
| 2293 | | ADY | | 18-Mar-2010 09:55 AM | |
Sold both holdings of ADY and RDB0. Now ADY is rallying, the CEO bought a million dollars of stock on the open market. Sounds good, but if the company is losing money, the buying shares can't turn the thing around. The business climate or management is under pressure, and that can not be changed by a purchase of an insider. The purchase at the time of the loss seems strange, almost like a desperation move to save face and rally the troops. But Mr. Market has rallied ADY shares now up 4.20%. May buy RDBO back Jack Kamerling also Dutch, living in U.S. |
| 2291 | | ADY | | 18-Mar-2010 08:31 AM | |
One more reason to switch to Rodobo Int. (RDBO) who is a specialized dairy producer. The dairy market in China has a two-figure growth on yearly basis. The loss is purely mismanagement. Maybe because of the fact that they want to expand and grow to fast so it is not managable anymore. |
| 2290 | | ADY | | 18-Mar-2010 08:20 AM | |
Mar 18, 2010 (Zacks.com via COMTEX) -- American Dairy Inc. (ADY) swung to a
fourth-quarter net loss of $27.0 million, or $1.34 per share, from a net profit
of $25.1 million, or $1.42 per share in the year-ago quarter. Excluding special
items, adjusted loss per share came in at $1.29, which was way behind the Zacks
Consensus Estimate for a profit of 3 cents per share. The disappointing results
were primarily caused by sluggish revenue and gross profit performance. American
Dairy is a leading producer and distributor of premium infant formula, milk
powder and soybean, rice and walnut products in China. The company, which
operates through its wholly owned subsidiary Feihe Dairy and other subsidiaries,
has 200 milk collection stations, two dairy farms and seven production
facilities. The company has capacity to produce approximately 1,234 tons of milk
powder per day and a distribution network of over 95,000 retail outlets across
China. The Beijing-based company posted a 44.8% decline in sales to $44.0
million from $79.6 million in the year-ago period. American Dairy also recorded
a gross loss $3.0 million during the quarter, compared to a gross profit of
$36.6 million in the prior year quarter. Both revenue and gross profit were
advers! ely affe cted by cross-territory selling by the company's distributors,
which disrupted regular sales patterns. Moreover, in an effort to control
cross-territory selling, American Dairy offered greater incentives to
distributors and sold off excess inventory as lower margin raw milk powder.
Operating expenses during the quarter increased 6.4% year-over-year to $28.9
million primarily due to higher sales and marketing expenses reflecting
increased promotional activities. However, sluggish sales and gross margin
performance led to an operating loss from continuing operations of $31.9 million
during the quarter, compared to an operating profit of $9.4 million in the
year-ago quarter. American Dairy ended the quarter with cash and equivalents of
$48.9 million, compared to $11.8 million in the prior-year period. During 2009,
the company recorded a cash inflow of $39.0 million related to the divestment of
a subsidiary, Heilongjiang Moveup Co. Ltd. American Dairy formed Moveup in Oct
2007 to acquire Ausnutria Dairy (Hunan) Co. Ltd., a deal which fell through as a
result of regulatory issues. The company also raised long and short-term debt
with a combined worth of $89.2 million, and received $63.0 million through a
private placement of 2.1 million shares of common stock to Sequoia Capital.
American Dairy primarily deployed the cash generated towards capital
expenditure, including biological assets ($84.3 million) and repayment of
short-term debt ($80.4 million). Looking ahead, the company expects sales from
branded formula products to exceed $70 million in the first quarter of 2010.
Moreover, American Dairy has augmented its network by more than 5,000 points of
sale on a sequential basis during the fourth quarter, which is expected to boost
the company's presence in southern China in 2010. Meanwhile, the Zacks Consensus
Estimate on the company's earnings for the first quarter of 2010 has reduced by
22 cents over the past month to 42 cents per sha! re as 1 of 3 covering analysts
lowered expectations. For 2010, the Zacks Consensus Estimate currently stands at
$1.73 per share, which moved down by 53 cents over the past month.
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