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>“What the company is really earning we don’t know,” says Chanos. “My experience with Chinese companies is that what you don’t know is generally not good news"
by wnevets 11y ago
>“What the company is really earning we don’t know,” says Chanos. “My experience with Chinese companies is that what you don’t know is generally not good news"
Makes sense to me, if it was good news why wouldn't they tell you?
- hbcondo714 11y agoI don't think it's fair of the author to single out Chinese companies. Any company based outside the US that trades on a public US stock exchange (ADRs) files in a different fashion than US-based companies including requirements disclosed and timing of the filing[1] [1] https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IIIB1a https://www.sec.gov/divisions/corpfin/internatl/foreign-priv...