Nisun International Enterprise Dev Group Co Ltd (NISN)

[herbied47]

Positives:
Munger is investing in Chinese stocks.
p/e 0.83
p/s .16
Market cap: ~16 million
Sales: 106 million
Net income: 20 million
p/tangible book value: 0.4
5 yr average sales growth: 20%
5 yr average eps growth 10%
Fair value using DCF and 3% growth is $3.68 with current price .81. Giving a 454% margin of safety.
47 million in cash.
59 million in net tangible assets (Impling 368% cigar butt return minimum).
143 million in assets and 52 million in total debt.
Lots of contracts with big names in a big industry in China.
Good opportunity to expand.