Huifeng Bio-pharmaceutical Technology (fka HFGB)

[pappy]

"I think HFGB could easily fetch $2.00+ per share"

Under good market conditions that would be very do able.

Last time China stocks were in favor HFGB had eps of $0.15 & reached a pps of $1.40.

I have a conservative target of HFGB again reaching a pps of $1.40 with 2010 eps @$0.20+.

If the volume increase continues a forward p/e ratio of 9 would seem a fair target considering the outstanding organic growth of HFGB.

That would put a possible pps of $2.00 & up to $3.00+ on 2011 eps numbers.

Look how the pps has reacted in the last couple of weeks as our space has been in rally mode.

If this continues HFGB could have its pps north of a buck by November.