China Sky Removed from Investor’s Business Daily 100 List.

On Friday, China Sky One Medical, Inc. (NASDAQ: CSKI) was removed from the Investor’s Business Daily IBD 100 list of stocks. The IBD list, updated weekly, compiles stocks selected for certain favorable quantitative metrics. China Sky appeared on the IBD list for only one week. The company also appeared on the IBD list in January, again for only one week.

A report was previously distributed by titled “China Sky Placed on Investor’s Business Daily 100 List Erroneously.” This report questioned the percentage change in earnings per share (EPS) used by IBD as a metric determining China Sky’s ranking on the list. The report also questioned the discrepancy between technical factors that determined IBD’s ranking of China Sky and an IBD article with a negative view of China Sky’s technicals.

Attached to this report are exhibits showing the various discrepancies in China Sky’s disclosures on EPS and in the associated calculation of percentage change in EPS.

Two representatives of IBD were contacted on the issue of EPS metric used in IBD’s list. One stated, “The quality of China Sky One’s accounting is considered lower-tier, but we don’t assume the numbers are wrong.” The other representative stated that the list “is not a buy or recommendation list of any kind.”

Posted in China Sky One Medical, Inc.

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss's work and its unique legacy. also strives to maintain a complete record of articles dealing with the companies that are the subject of research.
Investment Record
Click here to view a list of the companies that have been subjects of reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.