Yongye International Response to Blogger's Red Flags Falls Somewhat Short
Ian Bezek, notorious for his coverage of China Media Express Inc. (CCME) on SeekingAlpha, recently released another analysis of Yongye International (YONG). Ian hit CCME long before even their own auditor smelled trouble, so his coverage usually gets some response from readers and even the companies themselves. Today is such an instance of a company responding directly to Mr. Bezek and his claims of the various red flags at their company, and smells a lot like the last time they were forced to respond to such claims in early February. Here, I will go over some of the banter between the two sides and see if anything looks amiss.
Mr. Bezek says that the levels of volatility displayed by Yong over the past several years are not commensurate with the style of business they claim to pursue; retail models, by and large
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