Yongye (YONG) Rips Following Q1 A/R Collections Update
Tweet
Share
E-mailGet Alerts YONG Hot Sheet
Join SI Premium – FREE
Yongye International, Inc. (Nasdaq: YONG), is ripping Tuesday following an update to its accounts receivable collection efforts. Shares are now up over 13 percent following the release.
According to the release: "During the first quarter of 2012 the Company collected $140 million of $154 million accounts receivable, net of allowance for doubtful accounts at the end of 2011."
For more color, click here.
According to the release: "During the first quarter of 2012 the Company collected $140 million of $154 million accounts receivable, net of allowance for doubtful accounts at the end of 2011."
For more color, click here.
Create E-mail Alert Related Categories
Insiders' Blog, Momentum MoversSign 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!
