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downsideup

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downsideup

Re: db7 post# 516

Saturday, 11/06/2010 5:21:27 PM

Saturday, November 06, 2010 5:21:27 PM

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Sweet!

http://www.sec.gov/Archives/edgar/data/1373683/000120445910002643/form8k.htm

Now up to 11.14 million shares out with earnings of $0.20 a share for the year ended 2009, down from $0.31 a share in 2008 mostly as a function of the dilution from 5.8 to 11.15 million shares that happened as part of the deal.

They are now the owner of a series of Chinese subsidiaries that are producers of Eucalyptus trees with > 22 square kilometers of forest, and are a manufacturer of flooring products using the timber.

What sort of a P/E do you think they'll be able to bring ?

I might have to buy back a few of those shares that I took profits on this week.


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