GRAND POWER LOGISTICS GROUP INC. V.GPW

BNN

[skiboyy]

will be doing a special on chinese stock fraud, It will be on monday morning I think around 8 or 830 might be worth a look.....

[moneymaker75]

How was the show? I assume no mention of GPW on it, given that GPW is primarily a Hong Kong company and with ties to Chinese-Canadians who could be indicted if something went wrong. 

[skiboyy]

No i wasnt expecting gpw to be on just saying it is interesting with the rise of chinse companies etc alibaba etc...I own some other chinese companies that have a really low PE just based upon peoples fears

[XTCXTC]

GPW is a very clean Chinese company if they were scammers they would've been gone long ago along with Sino-Forest and others.  It's actually a good thing some people are still scared of investing here because it gives us bargains.  Like what Warren Buffett says, "Be greedy when others are fearful and be fearful when others are greedy".  I think most people just

[moneymaker75]

I have done the same. A lot of Chinese companies have low P/E. Actually there are a lot of companies with a super low P/S but not so low P/E because they have very thin margins. Those are the ones that come off as scams because they make just enough money to keep the company afloat, but it feels like excess profits go to management's hands somehow. GPW's gross margin of 8% is actually