Sorry hottuna, I must have missed your comments regards the MIS...

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bookend

119 Posts.

05/04/17

00:11

Post #: 23859240
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Originally posted by hottuna ↑

I don't think there's any point in false balance - he said/she said serves no one. I clearly have a very jaundiced view of MSB, for reasons that I can't go into without violating the TOU. Suffice it say that their past behaviour means that when they come out with an announcement, my first question is always 'what are they hiding?' - often it appears that by comparing their statements over time, many things. This was a pattern of behaviour with CDU and SGH as well, and each of them had big rallies before the denouement - but in the meantime it pays to wait for a catalyst.

With QIN, there is a clear catalyst - they haven't been entirely candid about their customers, whilst the MIS accounts don't tally with the company accounts. These things are indisputable. Some might choose to back companies unquestioningly, but because I'm long/short I don't have to. On hotcopper, it means I don't often post about my longs, because there's almost always an overwhelmingly positive attitude towards companies. Sitting around in a circle jerk serves no purpose. But when I'm bearish of a stock, then calling out the rampers when they post things that aren't true serves to provide balance - and chatting with the more sensible longs also helps me to understand the bull case in my shorts. Ultimately, I'm always persuadable by a reasoned argument backed by evidence.

Of one thing I am certain though - never rely on an auditor to expose malfeasance.

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Sorry hottuna, I must have missed your comments regards the MIS accounts not tallying with company accounts. Could you please repost your findings so I can DYOR?

I had a look at why heartwood yields are different between 2016 MIS and company...that's due to QIN anticipating a 15.6 year age at harvest whereas MIS is 14. Or are you referring to something else?

QIN Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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0 Great analysis

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