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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?


To: stock leader who wrote (1398)3/17/2009 9:28:17 PM
From: Elroy  Read Replies (1) | Respond to of 1931
 
CHDX presented at a conference in China yesterday morning. Maybe they said something positive. It's daily volume is pretty low. And to be fair, they are about to report their best quarter ever and should benefit from the Chinese stimulus package, so a fair price for them is around perhaps $15. A 40% pop from 80 cents above net cash to $2.20 above net cash isn't all that much when their valuation was so low.