Another Chinese Crash...

UTA was down over 30% at one point today as a blogger/hedge fund made allegations that they are a "fraud". While some of the recent crashes have been for good reason, in my opinion this one was simple fear. Can't say I blame people, but I struggle with their comments that the websites force you to drive 1,000 miles to get your ticket. I used the opportunity to buy a ton at $3.33. We'll see how it works. MagicDiligence commented that the official website has stopped listing the Chinese hybrids. I had not noticed that, but I have been following less closely of late. Probably makes sense. (note - I just checked and SCEI and NEWN are on the list, so I am not so sure Chinese hybrids are removed. It could be they reported earnings in mid/late August and the financials have not been updated).

I did have one other new buy today. I bought MAIL, which per my independent work of attempting to recreate the lists was like the 3rd or 4th best stock out of about 3,000. It is a small Israeli firm and I bought in at $6.10. I also like that they pay dividends as my studies (thus far) have shown that MFI stocks that pay dividends > 2.4% way outperform since January 2006.

Here are the stats for MAIL:

		mail
+	Operating Income After Depreciation	11.85
-	Minority Interest - Income Account	-
=	Income for Calculation	11.85
	Diluted Shares Outstanding	9.761
	Share Price	6.25
+	Market Cap Calc	61.01
+	Preferred Capital	-
+	Debt in Current Liabilities	-
+	Long-Term Debt	-
	Cash and Short-Term Investments	27.08
-	Excess Cash	27.08
=	Enterprise Value	33.93
+	Property Plant and Equipment - Net	1.21
+	Receivables	2.56
+	Inventories	-
+	Other Current Assests	5.67
+	Working Cash	-
-	Accounts Payable	0.81
-	Current Liabilities - Other	6.75
=	Invested Capital	1.88
	Earnings Yield	35%
	ROIC	631%