Finding the stocks with P/E's under 5 are becoming harder and harder. The super gains are over as far as I'm concerned now. It is going to be more about industry sector and growth as opposed to cheap P/E's.
2010 will be the year we switch from cheap P/E's to focusing on individual company growth prospects. I like SIAF because they are a commodity based investment. Their main revenue source is Dairy.. which was beat to a pulp in 2008 over the tainted milk scandal.
You think earnings are small now... wait till dairy sales start getting back to where they were just a few years ago.. oh my oh my..
Do some DD on China dairy.. very big boom coming.
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