ChinaCast Education (CAST) Falls After Negative Article
Tweet
Share
E-mailGet Alerts CAST Hot Sheet
Join SI Premium – FREE
The downside action see in ChinaCast Education Corporation (Nasdaq: CAST) over the past little bit is being attributed to a negative article at The Financial Investigator.
The article highlights "complex and baffling" business deals and "self-dealing."
The article states:
"ChinaCast has built up its business with a pair of complex and baffling deals that should raise red flags for any investor, especially because they make up about one-third of the company's $78 million in annual revenue. According to details buried in Chinese filings, ChinaCast appears to have had a major interest in two holding companies that owned colleges it later bought."
Shares of ChinaCast are down 6 percent to $6.01 in mid-day action.
Link to Article
The article highlights "complex and baffling" business deals and "self-dealing."
The article states:
"ChinaCast has built up its business with a pair of complex and baffling deals that should raise red flags for any investor, especially because they make up about one-third of the company's $78 million in annual revenue. According to details buried in Chinese filings, ChinaCast appears to have had a major interest in two holding companies that owned colleges it later bought."
Shares of ChinaCast are down 6 percent to $6.01 in mid-day action.
Link to Article
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Activist Ancora Now Seeks to Buy H.B. Fuller Adhesives Unit - Bloomberg
- SEC plans crypto investment regime and tokenized stock exemption - Bloomberg
- Apple executive in charge of Pay and Wallet is leaving the company - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
