Contrary to all the smoke and mirrors on this site the China daily is reporting that there is carefully calibrated shut downs of activities with major numbers of people (schools amusement parks etc) in two locations within the city and Shanghai has lifted restriction on the transport of goods and other activities. Moreover the bs about a2 earnings is beyond belief. You cannot project from the last earnings and forecast forward its simply horseshit. The facts are a2 had three abnormal factors contributing to the last earnings reporting, the write down of in excess of 100m inventory, the capital purchase of Matarua and the absolute absence of retail daigou. These abnormals depressed earnings artificially and will not be repeated. Earnings cannot but improve at the next reporting, so the horseshit peddled about p.e. is just that simple dumb smelly crap.
A2M Price at posting:
$4.40 Sentiment: Buy Disclosure: Held
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