I recently did a survey of biotech companies for my club and AOB popped up - looked really good.  I couldn't recommend it because I wondered about the fact that is was operating only in China.  But it is on the NYSE.  What does anyone know about it?

NancyB

I don't know what to make of AOB. The price is very volatile. I bought at 10 last year, it quickly went up to 14 ... Yeah!!, I bought more at 12, I'm at a good loss with both positions now.

I seem to pick all losers, so don't follow my advice ;-(

Etana

Etana, there is as much to be learned from investments that don't pan out as well as those that do. Other than the price volatility is there anything that doesn't look good? Debt? Growing EPS? Pipeline?

Lynn,

I have no confidence in my stock picking abilities.

I am a great Jr. Partner of Education in my club. I am very good at judgment and completing an SSG. I can compare sources of Manifest Investing Fundamental Forecast, Morningstar, Valueline with my SSG. But then when I finally put money down on 1 stock versus 2 others, I pick the wrong stock.

Too many of my stocks are down 35%-67%, with too few up to balance my losses.

So don't depend on me for any advice about AOB.

I am still holding it.

I just did a quick SSG:

1. the PERT sales, earnigs and profit went up for 5 quarters, but since have been trending down for 5 quarters. How do you know which way they will continue?

2. The 2B has been trending down? Why is this? Are they investing in growth? I see their debt has increased. I don't know the answer to this

3. A conservative estimate of 20% sales and earnings, and a p/e of 15 gives still a good buy, but it is not good if the estimate is not conservative enough, or if the market decides to hate this company.

What do others think?

thanks, Etana

A company with this rate of growth has to slow down so perhaps that is what you are seeing. 

I did buy some - it's risky because of its low price and small size but I still think it looks good. 

I keep wondering about its plans - why would it list itself on the NYSE if it had no international intentions?

Nancy Brodsky

This is slightly off the subject of AOB, but when I brought this company up in my club as well as U.S. companies wanting to expand into China, one partner said that any U.S. company operating in China could not take profits out of the country.  Does anyone know if that is true?  I understand AOB is different as Chinese company, but what about all these other companies going into China?

I just posted up a stock study for the company, and at least for the time being, the debt doesn't seem too high yet. If anyone's interested, take a look in the AOB forum. I put in a screen shot as well as a .ssg, and didn't want it getting in the way of this discussion.

Thanks,