Saturday, May 23, 2009

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.

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.

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