China Growth Stocks

[advalorem]

NEP

Jo, I am curious to your thoughts on NEP. I realize the names you mention are bb and pink sheet.

NEP is trading at a 3 P/E multiple assuming ~ $1.60 eps. NEP is listed on NYSE-AMX; NPR has solid-PTR relationships and dealing makes; NEP recently made a successful vertical acquisition (which earned $5 million as a separate entity for 2008).

NEP has one core directional benefit: the wind is at NEP's back as oil/barrel have gone up from year ago comparisons.

NEP is a listed stock, solid management, $110 million market cap, a good industry - and still trades beneath Chinese-micro plays and their eps expectations for 2011 and listing benefits.

I am very surprised NEP has not gone up significantly more than the current price suggests. I believe an earnings announcement reflecting higher oil prices is necessary to jar investors' attention.