Hey everyone!
Since the last analysis I did on NETE it's fallen 50% so the reality of their nearly bankrupt situation is kicking in. Here's another quick analysis on SORL Auto Parts, a Chinese auto parts manufacturer that makes brake systems and other auto components for commercial and passenger vehicles. On the surface it looks pretty good but I think we need to read between the lines a bit due to the fact that Chinese companies have different accounting standards.
I'm using LazyFA in conjunction with sec.gov to dig into the financials at a high level as a starting point for research.
Here's my analysis
And here's a quick look at the numbers
I'd love to hear others thoughts on the company! The chart is nice from a technical standpoint too so I think if there's a consensus that the company has decent fundamentals and releases good earnings on 3/29, we might have a nice breakout candidate over $7.00 - $7.50
I've made the ticker free for the week so anyone who wants to use LazyFA to dig into the company can do so too!
Let me know if there are any questions!
Submitted March 26, 2018 at 09:03AM by ghostofgbt https://ift.tt/2G4yb7w
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