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Yesterday I read Motley Fool Stock Advisor's "Stocks 2011: The Investor's Guide to the Year Ahead" which is used as a marketing tool to sell SA memberships. In 2009 I subscribed after reading the same report which recommended Tenaris (TS) an investment which returned 152% in 15 months.

This years pick is Li Ning(LNNGF) a Chinese sports apparel company billed as the Chinese Nike alongside claims of becoming China's first global brand. The report sounded promising but when i took a quick look at the company's financials it seemed a bit fishy:

Price: $1.90
P/E: .52
Price/Book: .17
Enterprise Value -$104 million (EV = market cap (79.6 million) + debt (35.3 million) - cash and cash equiv (219.3 million)

For a company with a theoretically expanding market share (just added Evan Turner to an endorsement deal and are expanding into US markets) these numbers are baffling. If Bryan or anyone knows any more about the company id be interested in your thoughts.
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