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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37583)4/27/2010 5:10:27 PM
From: Paul Senior  Read Replies (1) of 78958
 
YHGG. Seeing a more current earnings statement (last was 6/'09) would provide more confidence in the company or stock. They have over 15,000 people and $1.7B in assets, so it's a somewhat concerning that they can't or won't put out a current financial report.

Otoh, in .08, company earned $.49/sh.; their estimate for '09 is or was .50/sh. I believe they should be able to make it based on '08 performance and '09 first half report.

Stock has been on a ride:

finance.yahoo.com

Still, at current $2.75/.50 = 5.5 p/e, that's too low for a substantial Chinese agricultural company that I assume will have stable or growing demand for its foodstuffs. I'll step up for a few more shares today. Small position until financials are issued.

finance.yahoo.com
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