YaSheng Group (HERB)

[Petrejus]

Based on reported earnings per share and a stock price of 10 cents per share I have the impression that the p/e ratio now is as low as about 2.

But no one is here for the reported earnings. It is all about the off-balance sheet value.

Let's assume that the pricing of this stock was only based on off-balance sheet net assets and those were 25 dollars and that there is a one percent chance that this is correct and t hat there is a 99% chance t hat those assets are worth nothing for shareholders this stock would logically seem to be worth about 25 cents per share.

Even with your assumptions HERB is still more appealing than DSRT that now turns over less than Syverkiosken.