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The United States does water of empty orgnaization muddy to consider (MuddyWaters) the research report with numerous adverse medium of louis vuitton factory outlets bisect of Zhou Yifa watch, it is the share that distributes numerous medium surely " sell strongly piece " . The share price closing louis vuitton outlet online quotation that suffers this influence to divide numerous medium drops greatly 39.49% , achieve 52 Zhou Xin is low, receive a reply 15.43 dollars, dish in lowest drops to 8.79 dollars, clinch a deal quantity by louis vuitton factory online at ordinary times 3.15 million enlarge go to 77.63 million.
President of cent numerous medium holds presiding apparitor concurrently louis vuitton bags outlet Changjiang Delta spring is that evening on small gain start a rumour of water of angrily rebuke muddy, li Kaifu of innovation workshop CEO also support in succession. From bisect of the personage inside course louis vuitton sale of study the outstanding achievement analysis of numerous medium and US stock environment look, cent is numerous this the likelihood is be killed by louis vuitton outlets muddy water fault, use Chinese concept weak environment undertakes doing covering interest for nothing.
Cent of muddy water assault louis vuitton outlet store is numerous
Doubt of muddy water quality divides the problem of numerous medium to basically was centered at 3 o'clock, one is " cent numerous medium exaggerates of purpose the amount of screen of advertisement of the liquid crystal in its LCD network makes an appointment with 50% above at least. " muddy water says, in distributing the data that numerous medium is submitting superintendency orgnaization, claim to have advertisement of 178382 liquid crystal to display screen in all, but be less than 120000 actually only.
at 2 o'clock, muddy water says cent is numerous in " know the inside story and intended " below the circumstance, exorbitant price paid in buy and cause loss. Since 2005, cent numerous medium is in of 1.6 billion dollar in buying, decrease wrote down 1.1 billion dollar, this is equivalent to dividing numerous medium at present the 1/3 of market prise.
3 o'clock is interior trades, muddy water thinks to divide numerous medium to issue a share publicly first oneself (IPO) since, the stock overbalance of undersell of its interior personage 1.7 billion dollar (the 2/3 that occupies minute of numerous medium market prise) . Cent numerous medium is in buy and work off its subsidiary is good in the process of Ye, the personage did the interior that divides numerous medium to trade to betting, make a few a few individual personages earned at least 70.1 million dollar from which, and loss of shareholder of cent numerous medium 159.6 million dollar.
Do empty orgnaization MuddyWaters, chinese says " muddy water company " . It is the stock oversell orgnaization with famous wall street. Its become famous the operation calls Sino-ForestCorp make a false report asset to the report is issued when this year June, bring about latter stock to dive directly 74% above. Later, this orgnaization time-tested, see empty China numerous idea continuously, include the communication that exhibit dispatch and Jia Hanlin course of study to wait to ever was its punching bag among them.
Suffer this effect, zhou Yi divides numerous medium share price to steep fall, lowest signs up for 8.79 dollars, the biggest drop amount to 65.59% , rebound somewhat subsequently, final closing quotation 15.43 dollars, drop 39.49% .
Start a rumour of angrily rebuke of Changjiang Delta spring
Divide numerous medium share price to steep fall that evening under, president of cent numerous medium holds presiding apparitor concurrently the same night of Changjiang Delta spring sent two small gain to have a response, say to do empty person to put profit of rumor to in an attempt to, the rumor cannot change the outstanding achievement growth with cent numerous driving medium.
"Muddy water all censuring and doubt nots agree with with the fact. " Ji Hairong of vice-president of yesterday endowment numerous medium is accepted south when the reporter is interviewed, express, although oppugn data of medium liquid crystal screen, decrease respect of word of the degree that note the specified number to do not have a mistake, but they change a concept secretly, intended ambiguous fact.
Above all, it is amount of liquid crystal screen, the 170 thousand LCD that divides numerous medium to announce shows screen includes Lou Yu to show the digital poster of screen and office building, among them Lou Yu shows screen is 120 thousand, so the problem of nonexistent number make a false report.
Next, write down 1.1 billion dollar to decreasing, ji Hairong says, "The company was done really a lot of decrease write down, did not check to this number, but should differ not quite. Because the cent before this is numerous,did a large number of buying, especially Internet company, among them what successful case also has a lot of failure is buy. 2008 after financial crisis, company strategy is contractive, adopted step is ' cash is king, focusing advocate course of study ' , to a lot of do not accord with advocate the professional work that business Wu needs is chopped, with steam again capital. The strategy that from now company development looks to be adopted at that time is correct. After 2009, the company does not have redo to buy, nonexistent also company or the problem that individual amid earns profit. " and throwing these companies also is not truly thinking, besides at that time besides the strategy of the company, flow of staff of some Internet company is very large, some companies CEO goes out to do poineering work again, the development foreground that also is these companies let us lose confidence. Ji Hairong recollects the state at that time to say.
The another big question of doubt of muddy water quality is interior trades, ji Hairong says, this is the person that divide numerous a few venture capital investment and after this actually the way that buys the cash in the process to increase a share forms a few alleged " trustee " decrease hold. Divide numerous medium to held water in May 2003, orgnaization of a lot of venture capital investment was obtained to include soft silver, Gao Cheng, vessel before appear on the market sunshine investment, after these orgnaizations invest, general metropolis has tall canal to garrison become director, and passed to lock up fixed wind to cast much meeting to choose to exit, this kind is decreased hold reasonable and lawful.
Still one is plant " trustee " it is cent numerous form in buying other company course, the cent before this is numerous bought frame medium, amalgamative gather a crowd, these two companies' former manager Tan annals and anxiety peak also came over to divide numerous, when be being bought at that time because value minute of numerous progress, to buying the price it is adopted ready money adds stock form, partial capital pays with the stock. This kind is decreased hold also close compasses. Ji Hairong says: "The company's real management person is Changjiang Delta spring, he besides in the beginning of the company appears on the market, besides the share that had sold 200 million dollar 2006 namely, after this had not sold again. The doubt of muddy water is promiscuous concept. The doubt of muddy water is promiscuous concept..
To this, chinaventure is cast in the chief analyst of the group Li Wei ridgepole thinks, the amount of liquid crystal screen is not clear about this without investigation, cent is numerous nevertheless advocate business Wu increases issue of it doesn't matter. Write down this to decreasing, cent is numerous did inside the industry in those days a lot of buy, at that time the price of Internet already very tall, to the judgement cent of the industry is numerous at that time a little blind and hopeful, integrated speed also has some too fast, undertake systole also is excusable finally.
Chinese concept frequency is hit
Cong Jihu 360, exhibit dispatch, new east to arrive cent is numerous, chinese concept become empty orgnaization assistant repeatedly. Why to do empty orgnaization to stare at Chinese concept closely? Concern with the sincere letter crisis of the beginning of the year probably.
The beginning of the year makes a holiday as a result of finance affairs of individual China company, in bringing about without exception share price goes low continuously, also cause a few do empty orgnaization to wait to change the look to the concept from Chinese traditional business like water of Citron, muddy.
Yang Weiqing of Ai Rui's advisory president is in its express on small gain, the earliest hunt kills muddy water the company of Chinese traditional industry of a few financial cheat still calculates truth having a place, "Aim spearhead again now 360, cent is numerous etc, belong to hype basically " . Li Kaifu of innovation workshop CEO also support cent on small gain in succession numerous.
The outstanding achievement that divides numerous medium rises very bright key point, american time last week 4 release the 3rd quarter showed without audit money newspaper 2011, only run of the 3rd quarter receives cent numerous medium for 210.7 million dollar; Not according to standard of American general accounting, profit of net profit of the 3rd quarter amounts to cent numerous medium 82.7 million dollar, all exceeded the market to anticipate. Cent numerous medium predicts battalion of the fourth quarter closes at the same time will come in 212 million dollar 214 million dollar, intermediate value relatively go up growth of year of the corresponding period 45% . Suffer outstanding achievement to exceed expect an impact, the share price that divides numerous medium is in dish hind in trading, go up greatly.
Before muddy water releases doubt to report, at least 10 are cast give minute of numerous medium to buy grade all right, include beautiful silver and the bullish report that fill high among them. Before nevertheless water of the muddy before this releases Jia Hanlin course of study to make empty report, also ever 9 are cast give its to buy grade all right.
Nevertheless, ji Hairong thinks, also divide just about numerous bright beautiful money newspaper, just bring about muddy water to do empty. The issue that a few companies become false Zhang since the beginning of the year brings about American investor to be opposite Chinese concept very sensitive, a little some of problem reacts excessive. Because outstanding achievement is propped up, cent is numerous share price is compared all the time this year strong, without big wave motion, it is to be in 25 yuan or so, do empty space very big. And the cost that like muddy water this kind of orgnaization raises to oppugn is very low, superintendency orgnaization is investigated, spending those who expend time cost is to appear on the market company, but muddy water from the stock market gain profit the space is very large.
Muddy water or using scotoma to do empty
To the doubt of muddy water, and the outstanding achievement with numerous cent develops, the judgement of the personage inside course of study also is to stand in cent numerous this at the same time.
Li Wei ridgepole thinks, make empty component from this muddy water numerous one is to want the difference from valuation to look, also should put in Chinese concept on the other hand frequency does empty big environment to look.
Muddy water may become aware cent is numerous appraise is worth on the high side, not only average investor of the United States, include these major to invest an orgnaization to China actually the mode of a lot of industries does not understand, the profit pattern with their numerous bisect and prospective dilate space are put in doubt, do on this kind of basis that does not understand sky is very easy.
Li Wei ridgepole is analysed further, the fast growth with numerous cent basically originates the quickness of Internet industry is outspread first half of the year, a few groups buy website of website, electronic business affairs fast dilate took many advertisement to put in, not only it is cent numerous, the contribution with the advertisement the largest income that connects website of 3 big doors also is this to originate. "United States of pattern of this kind of profit is done not have, so American investor understands this not quite, muddy water oppugns, the first reaction is decreased namely hold a share. The first reaction is decreased namely hold a share..
"Cent of muddy water pitch on is numerous, motive should be to do empty, chinese concept it is easy target. " Li Wei ridgepole thinks, from the analysis on strategy, it is more difficult to become native land company of empty United States, because investor compares the professional work of familiar company, but Xiaogong manages or these companies of rising market, itself risk is able to bear or endure suffer ability to compare difference, do sky is easy, plus the profit pattern of company of not familiar China, hold true condition very hard, gave these doing the operation space with empty very large orgnaization.
Numerous to cent next share price goes situation, li Wei ridgepole says, bad to judge, want what the market sees after the response with many divide into equal parts comes out to accept rate.
Ji Hairong expresses, before open quotation of US stock of Zhou Er evening, the company can issue formal announcement.
What muddy squirt issues bruise again and again is medium without exception
Water research once did muddy to pass a lot of companies for nothing, this company once was done early or late before making empty cent numerous medium pass 6 companies for nothing, science and technology of eastwardly paper industry, green Nuo goes to China Wu of multivariate and high speed channel, round-the-world water, 4 Chinese concepts that appear on the market in the United States report because of the doubt of muddy water company early or late and share price drops greatly, retreat city even or pick a brand, these 4 companies also become muddy water company " into master series " .
Current and exclusive break out of an encirclement and those who go out is the communication that exhibit dispatch, share price drops for a time more than 30% , but make clear fight back finally with beautiful money newspaper. Muddy water studies gram of father cloth the name of a river in Shaanxi and Henan provinces must admit finally to fail: "If exhibit dispatch to correspond to make the proper response that accords with a fact in the light of the doubt of muddy water company, must admit so, it is us the misunderstanding of a few doubtful point in signing up for this company money is dangerous signal " .
The Jia Hanlin course of study that accusing a fight false with muddy water just announced to gain a victory last week, an internal investigation that costs 35 million dollar has proved, neither of Jia Hanlin course of study " approximately complete con " , also be not " Pang fraud " . But another irrelevant problem that course of study faces Jia Hanlin to accuse with muddy water, cash is in rapid bad news is smooth.
And a concept enterprise strange tiger 360, also do empty orgnaization Citron (sweet rafter) rise in revolt. Surprise finally tiger 360 with outstanding achievement and share price basic stability did empty action to undertake striking back to this, and Citron do empty orgnaization to be opposite of Chinese Internet mode do not understand, also encounter the assail of investment and business circles personage.
(Article origin: Author of southern Metropolis Daily: Chenyuan yuan)