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Saturday, December 23, 2006 9:24:47 AM
IPO price was roughly 6x pe, industry standard is 12x
FFHL grew their revenues 310% between 2004 and 2005
FFHL should earn somewhere around $.60 for the year.
This company is not even comparable to EFUT. FFHL is very dynamic and growing quickly. Low float (3.7mm) and the fact that its China should send it skyrocketing. Fair value should be somewhere around $20 a share, throw in the china growth factor and FFHL could see $40.
Current market cap is still very low at $160 mm.
I am almost exclusively a short seller, but this was too good to pass up. In at $ 9.75
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