NUIN - Nutrastar

[rukawa]

Extremely cheap chinese company with a good writeup here:

http://seekingalpha.com/article/1954001-nutrastar-5_80-cash-per-share-and-a-highly-profitable-business-for-less-than-2-per-share

 

Anyone know anything about traditional Chinese medicine? The company produces Cordyceps militaris which is used in Chinese medicine.

 

Very aggressive and good questions on the conference call which aren't answered well by the company. Company issues no dividend and no sharebuybacks which doesn't make sense because their PE is less than 2. The callers basically get the run around on management for why they won't do anything for shareholders. Looks like the company stopped doing conference calls after this which is not a good sign.

http://ir.stockpr.com/nutrastarintl/conference-calls/view/463/second-quarter-2012-financial-results-conference-call

 

 

[moustachio]

This is an obvious fraud and IMO you've already spent too much time on it by writing a short post. When you have a Chinese company that supposedly has several times their market cap in cash with no debt and they don't buy back stock then it is a fraud. Case closed.