A p/e of around 5 for a unknown Chineese BB stock seems more realistic. The new earnings projections going forward will give you more of an idea where it should go.$2.50 to $3 a share seems about right.
***Disclaimer & Disclosure***: I make no guarantee as to the accuracy or validity of information in this message. Messages posted reflect my own opinions and/or those of others, and are posted for entertainment purposes only.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.