Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[996]

We are all eagerly awaiting the numbers of the 3rd quarter. I have been reading through the old numbers of the fiscal years 2008/2009/2010. As I combine those with the first quarters of fiscal year 2011, that brings me to the following calculations.

Q1-FY2011 net income 10.5 Million
Q2-FY2011 net income 11.1 Million

----------------------------------------------------------

Now if we take the worst Q3 and Q4 of 2008/2009/2010:

Q3 assuming a net income of 4.5 Million (like Q3-FY2008)
Q4 assuming a net income of 7.0 Million (like Q4-FY2010)

That adds up to a total net income of 33.1 Million
Approx. 14 Million shares outstanding -> EPS $ 2.36

----------------------------------------------------------

Now if we take the best Q3 and Q4 of 2008/2009/2010:

Q3 assuming a net income of 15.1 Million (like Q3-FY2010)
Q4 assuming a net income of 11.4 Million (like Q4-FY2009)

That adds up to a total net income of 48.1 Million
Approx. 14 Million shares outstanding -> EPS $3.43

----------------------------------------------------------

Multiply those numbers with a P/E of 7 that should bring us a shareprice of $ 15 - $ 21

I'll keep on daydreaming...