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No. of Recommendations: 1
There's no question in my mind that they are sandbagging in every possible way to justify the $6.60 offer price. That's why they withdrew their guidance, among other odd acts. This was all entirely predictable - every Chinese company that gets an offer suddenly sees revenue and earnings drop, and they start to play up the volatility and risks of the business (which Yongye is doing by extending credit terms, reducing revenue recognition, and so on).

This was the first quarter in years where I didn't bother to listen to the Q&A. But I am curious, so please fill us in when you can!
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