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hudsonate

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hudsonate

Re: Bob Stocks post# 65

Thursday, 09/09/2010 10:10:37 AM

Thursday, September 09, 2010 10:10:37 AM

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Bob Stocks, would you mind posting this on China Growth Stocks board...I'n not premium member, but this is good news to share. TIA!

Acquisition news today for HFGB!

Terms of deal are for payment at $.70/share. Today, HFGB is trading at $.56 or a 25% discount to terms and to book value.

Deal will add $.03 to EPS bringing 2010 net income to around 5,750,000 or $.22.

Trading at 2010 PE of 2.54. Will post year over year EPS growth of 50% ($.15 to $.22)
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