China Growth Stocks

[Rames]

NEP - Ryan, as I tried to explain in a previous post here, I am for the time being cautious with this stock as I can't find an explanation for the depressed stock price.

Fact is that they reported very good numbers last week, management sounds very bullish and guidance of at least $1.28 for 2010 gives you a forward P/E of below 4 at current levels. This is also not an OTC stock, not even a penny stock by definition. It is a $5+ stock on a major exchange with coverage. And this stock is actually down for the week when the market learned about their Q3 numbers and guidance.

I'd rather be cautious here for the time being, maybe it's completely not justified, maybe people are worried about the depreciation rate, maybe there is something else or nothing at all. Personally I've decided to just keep my starter position for now and watch the stock for a while.