Tag: Update
Enough already… let’s put those Nine Dragons out of their misery!
Published on July 23, 2008
It’s time to sell our Nine Dragons (Holdings) Ltd. (NDGPF) position!
Nine Dragons Paper (Holdings) Ltd. UPDATE: Hold on tight to this Chinese green stock
Published on April 23, 2008
Back on February 21, 2008, I recommended a buy on Nine Dragons (Holdings) Ltd. below $1.90: http://www.todaysfinancialnews.com/hot-stock-pick-of-the-week/green-stocks-2/
Well, below $1.90 it certainly is now.
The stock took a nosedive in mid-March when an aggressive capital expenditure program partnered with escalating raw material costs and supply risk hit the company hard.
To offset the losses, [...]