![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, March 13, 2010 11:48:10 AM
CEO, Zhongyi Liu, welcomed the guests. "After a year of planning, we are pleased to start the construction of the new building complex and expect to finish the construction by July, interior decoration by September and GMP certification by December of this year," he said. "This is a new page for Lotus' development and it will provide important impetus to profitable growth, which is anticipated to reach $150 million in annual sales during the first year after the facility is fully operational."
If you assume a 30% PM as they have done in the past that is $50M USD in net income for 2011. That is roughly $1 EPS, or nearly 150% EPS growth as compared to current TTM earnings. If you trust the CEO this is a very compelling growth story, with accelerating earnings. Should be commanding a PE of 15+ once they start delivering on their estimates, and at $1 EPS you can do the math.
My plan for this stock is to accumulate 10,000 shares and tuck them away for a few years. Should be a nice sum by the end of 2011.
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