Replies to post #396 on China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[BiotechValues]

Well, I'm still in

And I find a trailing PE of 6 and a forward PE of 3-4 with zero debt and a BV of $1.38 (if my memory serves me) very cheap still.

[snow]

Traderfan

You state this stock is not really cheap any longer. That is sheer noense. I apoligize for using such an offensive term. A stock trading at a p/e of 3-4 in relation to expected earnings next year and growing its earnings at at least 30 % per year is extremely cheap fundamentally. Fundamentally a valuation 10 times the current one would be justified. That is unrealistic because this is a Chinese micro company. This stock is also cheap when compared to several other Chinese micro companies. But it is not the cheapest. CNOA is possibly the cheapest one. Therefore it is soaring right now.