Thanks pappy. Hope you enjoyed your crablegs Christmas dinner, yum.
CKGT. I was in on what I considered to be the ground floor back in fall 08 and it was very good to me. Im now 99% sure that it is time to get back in here, and I will be looking for an attractive entry next week. Could be the last time to get anything below one buck, and I now think that my hope of getting some rock bottom .75-.80 has vaporized. We will add it to the index when Harley gets back from his son's snowy wedding in beautiful NC today. I'm the technically challenged one of us but hopefully he will teach me a few things when we get together in about 3 weeks.
One thing I always bear in mind when considering the stumbles of CKGT last year is that Mgmt is relatively young, like myself, when it comes to the multiple complexities of the business world. Hopefully they have learned alot of "what not to do" lessons this year, and are ready to once again surge forward with conviction.
Regarding EPS projections, well, thats the X factor here because CKGT has so many X factors in their repertoire. I have a very conservative EPS 2011 projection of .50, pappy is hoping for .75
Even if I am closer to correct, slap a mere 5x on .50 and a PPS of 2.50 or better is totally realistic assuming that the market sentiment towards China in general corrects in the first half, hopefully quarter, of 2011. My personal opinion is that we are on the verge of another bull run for China but that is admittedly wishful, but not unfounded on principle, thinking.
CKGT has been full of surprises, and hopefully the next surprises we see will be to the positive. Jumping back in myself.
malc
