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Post# of 173972
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cliffvb

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cliffvb

Re: 2morrowsGains post# 103201

Saturday, 06/21/2008 12:58:18 PM

Saturday, June 21, 2008 12:58:18 PM

Post# of 173972
CHME- 2morrowgains, thanks for the info. I added some shares in the last week. This china pharma co. sure looks cheap to me again, trading at a trailing PE of 4. Sold off after reporting 8c in Q1 vs 6c a year ago but down from 17c in Q4. However the first quarter for chinese pharmas is always the weakest. Company guided for continued growth in the year ahead. From the PR:

Based on China Medicine's solid first quarter performance, the Company expects to meet its prediction of 25-35% growth in revenue with gross margins in the range of 30-35% for the full year 2008. Additionally, the Company also expects to achieve 20-22% growth in net income for the full year 2008.
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