Replies to post #40936 on China Growth Stocks

[GorillaGorilla]

PUDA - if we look at the gross margins I think that the slowdown in 2009 was the odd result. That said to be conservative you could work around 2008's 13% margin?

I think most investors expected margin expansion last year. I am surprised it happened between Q4 09 and Q1 10. I was expecting a gradual buildup.

2010 Q1 17%
2009 8%
2008 13%
2007 17%

rich

http://www.sec.gov/Archives/edgar/data/1162747/000114420410017458/v179487_10k.htm