Now up to 11.14 million shares out with earnings of $0.20 a share for the year ended 2009, down from $0.31 a share in 2008 mostly as a function of the dilution from 5.8 to 11.15 million shares that happened as part of the deal.
They are now the owner of a series of Chinese subsidiaries that are producers of Eucalyptus trees with > 22 square kilometers of forest, and are a manufacturer of flooring products using the timber.
What sort of a P/E do you think they'll be able to bring ?
I might have to buy back a few of those shares that I took profits on this week.
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