"Well I don't think they have a current forward PE of 3-4 but I could be wrong."
I think you're wrong and this is why:
They've already shown 30% organic growth without the addition of any new products to the pipeline.
Now add the ciggys and hog feed to the mix for q4 2009 and all of 2010 (plus a continued "acceleration" in sales growth from their existing products...see last q press release) and I can see them easily trading at a pe of 3-4.
But that's why we have a market- not everyone agrees.
“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”