After much review, I still cannot understand why people regard Sinomem as a good investment. The firm's founder being from NUS and now a Singapore citizen mitigates any risk? That is highly doubtful.
It is to be reminded that profits are just numbers until they can flow down to the cash flows. One should truly stay clear of companies like China Sports (SIN:FQ8) who are net cash but yet raises rights. Always check the numbers and uses for the cash.
Anyone who has an enlightened view or a different opinion on this counter, please contact me and I will be more than happy for a discussion.
Sinomem, S14
Thursday, June 10, 2010
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1 comments:
Not a bad position.
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