Sino Agro Food Inc (fka SIAF)

[treit2002]

Treit, wouldn't a p/e of 10 be realistic for something like this even if half of what you mention came true? 2 seems absurd does it not?

That's why I said "understated." My main point was that as long as this is not a scam -- and I think the chances are remote -- SIAF is a very good investment at this level even without any p/e multiple expansion.

So the downside is extremely limited, and can only obtain in any enduring way if the company is an outright scam.

With a still ridiculously low multiple of 2, it's a home run. After many of the catalysts I mentioned, and the time and exchange to remove the scam stains, a normal multiple ought to be applied.

Then, it's a game winning grand slam in the 7th game of the world series. The upside is huge, potentially 100x the downside.

Course, a lot of that is because we are now valued as a class C minor league team in last place.