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Huggy Bear

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Huggy Bear

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Re: ~ Blue ~ post# 133

Wednesday, 05/02/2012 7:31:25 PM

Wednesday, May 02, 2012 7:31:25 PM

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Earnings for 2012 need to be at least .20 in this sector, IMO.

A 5x P/E valuation is about as much as the best of the US listed Chinese companies is receiving currently.

I sold my shares reluctantly because of poor earnings. Full year earnings of only .06 do not justify more than a 10x valuation or .60 IMO, I dont care where you are based or what exchange you are listed on.

I will watch for Q1 earnings to see if things are improving, but they are going to have to be pretty impressive to persuade me back in.

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