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StockJoker

06/26/09 8:36 PM

#6 RE: piratetrunks #5

I'm looking for some where around .60 eps from GGEC America
and the stock to trade post split around $1.80
3x eps
I believe GGEC China is trading around 25x earnings atm
If GGEC America trades around 25x earnings that makes it $15.00

I'm on the low side at $1.80..Strong company with year for year revenue and profit growth.
I'm truely not sure at the moment..Just waiting for the transaction to finish and see if its better than I expected.

2008 revenue of GGEC
144,191,669 US Dollar
2008 Earnings
12,953,804 US Dollar
Around 47% of earnings comes from America


Numbers on GGEC China


INCOME STATEMENT ANALYSIS
Totals 002045
Total Revenue 144.3M
Gross Profit 37.9M
Operating Income 19.9M
Net Income 13.0M

Currency in US Dollar.