WuXi Pharma WX continues to drop

WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million […]

Is the Chinese bull market over?

(Update Nov. 17) Shuipi of ChinaTimes(水皮华夏时报) wrote this interesting piece on his newspaper. (Original) It looks like it, from the highs at 6,200 in early Oct to 5,200 now. But wait a minute, recently the US stock market suffered big loss because of the sub-prime meltdown, and weakening of the dollar. How could the mess […]

WuXi Pharma Tech Q2 results

Here are the results from Yahoo Finance, some highlights: Second Quarter 2007 Highlights: — Total net revenues increased 99.3% over the second quarter of 2006 to US$30.2 million. (1H revenue $64 m, slight decline over Q1 2007?) — Net income increased 482.1% over the second quarter of 2006 to US$7.1 million. — Diluted earnings per […]