Friday, May 26, 2017 1:48:27 PM
Again a reminder: this stock traded at a P/E of 20-28 over the 3 months prior to the earnings report on May 15. That P/E was based on a trailing EPS of 0.12. Now the trailing EPS is 0.35, and by next qtrly report it should be at least 0.45 or several cents higher.
I'm not swing trading it these days, despite missing out on sweet short-term gains, because i don't want to be on the sidelines if some really big news hits, like a whale investor coming on board, or even, conceivably, a buyout-- there are some sizeable NOLs here, a growing cash stash, and of course that highly profitable business and the invaluable connections that CEO Lei Cao and his COO have with the biggest Chinese shippers.
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