China Growth Stocks

[pnnymn]

XODG 2nd Quarter revenues were $3M ; 3rd quarter est revenue is $4M with net profit of $1.2M. The new contract will add $4.5M in the 4th quarter revenues all by itself.With revenues increasing 25% each quarter plus this new contract being added to the mix you are looking at revenues of $9.5M minimum. Throw in a 30% net profit margin like the est.3rd quarter gives a net profit in the 4th quarter of $2.85M With about 22M shares outstanding this gives you a quarterly net profit of around .13 Should work out to a minimum of .52 year in earnings which now gives it a P/E of less than 3.