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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: stock leader who wrote (1400)3/17/2009 10:10:47 PM
From: Elroy  Read Replies (1) of 1931
 
you also thought VCLK was going to $40 a share

It was, until it realized it forgot something at home and turned around and went to $6 a share. And VCLK made it to $35 per share before it tanked.

$15 seems a reasonable price for CHDX a year from now. That would be something like a 15x forward PE on 2010 earnings. For a pure China play with expanding revenues and earnings that seems fair. The stock was $29 a year ago, and their revenue expectations are higher now than a year ago.
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