Longwei Petroleum (fka LPIH)

[rru2s]

Price increase is good news for current Q which we won't see reported until 2/15/11...

Meanwhile, a 10Q for Q ending 09/30 is coming out 11/15 and will show a higher TTM EPS since after the expansion quarterly EPS is now 0.18-0.19, and the oldest Q will be dropped from TTM calculation (which was 0.08).

Next release should show a TTM EPS around 0.58 up from 0.48, and that reduces the stock screeners cited TTM P/E about 17%, give or take depending on the 3% to 4% impact from the influence of QoQ warrant valuation change for the period 06/30 to 09/30 (1.95 EOM PPS to 2.29 EOM PPS).

Another good quarter is just around the corner. Going into calendar year 2011 there will come a point when we hit 0.80 EPS, which will be phenomenal when you compare it back to 18 months ago.