Amira Nature Foods Ltd (ANFIF)

[Rkmatters]

Depends if you're a trader or an investor. Traders may not see the wild swing for a while unless good news occurs (possible new account, that sort of thing). It could come back to test today's open due to market turmoils, so I suggest watch the lower $10/upper $9 test. I don't think the buyback is in place just yet. I actually haven't seen the report. This will need time to test the 52 week high. But as I told one of my friends on this iHub, I would have laid on a train track, that's how confident I was that $10 test was coming. It will rise slowly and continue to have higher-lower BOLLINGERS, as it's been doing for months.

EPS as I understand it is $1.56, so a 10 P/E ratio is closer to $16. The market could value P/E lower for a while, so it may only see a 14 p/e this year, BUT eps will continue to rise considerably given the market is not saturated yet (lots of growth for them). This is the safest stock to park money for any downturn. Sales on commodities go up, and if folks are not going out to eat as much, they'll still want quality rice. Great stock for a shareholder. Great for a trader too, but the BOLLINGER will tighten at a point. Earnings will move it up. :)