Replies to post #9 on China Linen Textile Industry Ltd. (fka CTXIF)

[Fi]

In for @ $1.25. Will add more shares soon, either if it goes up or down.

FY2009 $0.28/share earnings
FY2010 $0.41/share earnings est. (26.0M net)
FY2011 $0.58/share earnings est. (29.0M net)

FY2010 P/E 3.0
FY2009 P/E 4.5

Book value at $0.78/share.


Conservatively put a P/E of 7-10 on next years earnings and we have price target of $2.87 to $ 4.10.

225% potential upside 1 year