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jaybird249

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jaybird249

Re: None

Monday, 07/21/2008 9:43:35 PM

Monday, July 21, 2008 9:43:35 PM

Post# of 33753
Time to buy China again. My favorite China play is COGO ($5.21)

-$22 52 week high
-CEO recently bought at $13
-$3.2 cash per share and $4.5 working capital per share.
-Tremenddous overreaction to July 10 PR. Revised adjusted earnings estimates on Yahoo still $.86 per share.
-Trading at $5.21. In other words back out liquid assets, the market valuing the company at $.71.

Isn't that like a PE of 0.9 based on earnings of around $.80?
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