Sino Agro Food Inc (fka SIAF)

[snow]

Earnings per share versus the stock price

A few years ago earnings per share reached some 7 dollars. If earnings per share during the first quarter this year are representative of the current situation earnings per share have declined some 90%. I think it is so much nonsense to think of a pps of 100 dollars in view of the big fundamental deline of the business of SIAF.

On the other hand the pps has dropped a lot more than 90% from its high of 17 dollars a few years ago. The current pps is less than 20 % of 1.7 dollars. This represents excessive pessimism in my view. A realistic pps if the dilution stops more or less and fundamentals develop reasonably well could be 2 - 5 dollars per share.