Replies to post #1503 on China Organic Agriculture, Inc. fka CNOA

[jcisek]

You are wrong.

Every share that they buy back will yield
500% future earnings per share at this point,
for every year that they are in business.

What asset do you know of that can bring this
Return on Equity?

If they must, sell an asset.

[ImOnABoat]

Actually, jc is most likely correct. Acquisitions are great, but at these prices buyback would provide a bigger bang for the buck. Let's see, for $5M they could buy around 30% of their shares back if they did it with no hype and slowly. This would increase annual EPS by 30%. Do you think they would be able to buy some company for only $5M that would ensure equal EPS increase? I doubt it. Buyback makes perfect economical sense right now, I will be surprised if CNOA will NOT end up taking advantage of that fact.