Update On Mieco Chipboard

Mieco Chipboard announced its earnings last night.

And yet again the numbers were a horror show.

Revenue plunged and net losses were massive!

Past related postings on Mieco.

• Mieco
• Mieco: Part II - Ze Buy Recommendation!
• Sun Tzu: Fight Only When It Is Easy to Win
• Mieco: Part III
• Mieco: Part IV
• Mieco: Part V
• Mieco: Part VI
• Mieco: Part VII
• Mieco Chipboard: VIII
• S&P has a Strong Buy on Mieco Chipbaord!
• When Setback occurs in a Business
• Philip Fisher's Management Integrity II
• iCaptal Addresses the Transparent Issue!
• A Quick Look At iCapital's Annual Report 2008

Ooops. Such a long list.

Well.. there is absolutely no logical reasoning why one cannot see that Mieco cannot be considered as an investment grade stock.

But yet...

And oh, Mieco last traded at 0.32.

A rather generous price considering the fact it was trading as low as 0.20 recently.