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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (28585)	10/17/2007 5:54:12 PM
From: InvestingInChina	Respond to of 78751

Thanks for looking at it Paul. I was looking at ttm eps on Yahoo and Investor Village (which lists .77/share for ttm). I think those numbers aren't taking dilution into account. However, the SEC filing shows .15 (fully diluted) for first half of 2007...so it's got a PE closer to 10 here, assuming they remain their recent growth curve. But what I also noticed in last Qs filing is their current ratio. It looks to be about 40 (not 4.0, but 40). Total current assets 21,444,729 Total liabilities 533,246 yahoo.brand.edgar-online.com Not sure if their numbers in the filing are accurate- if they are, wouldn't that make this a very healthy company financially?

To: Paul Senior who wrote (28585)	10/17/2007 6:16:10 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78751

Ahh these Chinese medicine companies. It's really difficult to separate wheat from chaff there. IMO, most of Chinese traditional medicines are not proven, possibly not effective, and obviously not certified. Which does not mean that people won't buy them, especially in China or the rest of the Asian countries. People even buy them here in USA, I know, I did. ;) If they have connections, the government agencies will not close them either. So it's like the "dietary supplement" companies in USA minus the lawsuits and liabilities... until they forget to pay the bribe somewhere. ;) There are also tons of them, most not publicly listed. How big and competitive they are? Who knows. You have to get into China to know. AOB is one of the celebrated Bruwin picks. CHME may be as successful. Or not. If AOB or someone else has bigger and better connections, they can shut off CHME. IMHO you really have to know the situation in China to invest in this one. Or in AOB. :/