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Cathay General Bancorp Message Board

  • mutasian mutasian Sep 18, 2008 2:20 PM Flag

    OBVIOUSLY MANIPULATION

    THIS STOCK IS NOT WORTH 30 DOLLARS...UNREAL...

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    • Perhaps it is! Book excluding good will is about $14/sh. 2X hard book would be $28. 2X stated book would be around $41/sh. 2009 earnings could be $2.25 to 2.50/sh. 10X earnings would be $25. 15X earnings would be $37.50.

      What you do not realize is that naked shorting drove the stock to an unrealistic low value of $10/sh. Now that Shorts need to cover, the upside is exaggerated as well. I for one am glad to see the shorts hurting.

    • Perhaps it is! Book excluding good will is about $14/sh. 2X hard book would be $28. 2X stated book would be around $41/sh. 2009 earnings could be $2.25 to 2.50/sh. 10X earnings would be $25. 15X earnings would be $37.50.

      What you do not realize is that naked shorting drove the stock to an unrealistic low value of $10/sh. Now that Shorts need to cover the upside is exaggerated as well. I for one am glad to see the shorts hurting.

 
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