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MinnieM

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MinnieM

Re: Fi post# 14

Friday, 01/08/2010 1:09:06 AM

Friday, January 08, 2010 1:09:06 AM

Post# of 54
Would you mind showing me where you are getting your numbers? A link would be great. TIA


In Reply To 'Fi'

BOY I like their business, China has lots to grow as Chinese rural areas have almost no infrastructure still. Cities are transforming at an incredible rate, and I don't think it's going to be slowing down soon.

They estimate $0.38 for FY09 and $0.48 for FY10, which is great: 9 P/E FY09 and F P/E of 7. The problem I see is a huge number of preferred shares convertible 1:1, and warrants.

Current oustanding shares is about 20million. Preferreds at 11 million and warrants at 3.5million, if these are all exercised the amount of damage done to EPS would be huge.
Have not purchased any shares... but may change my mind =)







"Be kinder than necessary, for everyone you meet is fighting some kind of battle."

My opinions are worthless to most since I don't know anything about your bank account or trading style. Your own entry and exit points will determine whether or not you made a good trade.
I'm in many I never mention, & discuss some I'm not in.

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