Jiangbo Pharmaceuticals, Inc.(fka JGBO)

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I have noticed something that makes me hopefull for the coming months. On June 30th, the last quarter of fiscal year 2010 ends.
We don't know how much net income Jiangbo will generate. But let's assume that it generates the same net income as it did in Q4 of fiscal year 2009. That was approx. 11.5 Million.

So let's estimate what JGBO generates this year
Q1 FY 2010 1,972,000
Q2 FY 2010 5,508,000
Q3 FY 2010 15,184,000
Q4 FY 2010 11,500,000 (assumption)

That adds up to $34 Million, that's means EPS of 34/12 = $ 2.83

For the complete fiscal year 2009 Jiangbo generated a net income of $ 28.88 Million. So for FY 2010 this means growth of >20%!

Check the numbers yourself here and here

I think patience will be rewarded...