were a few years ago, when JST was selling for almost three times its present price. But, at that time, its P/E or price/earnings ratio was up over 20, where today we see a P/E of 7. Yet, over the past few years, JST has been very quietly expanding its production capability to a very significant degree. At the same time, it has entered the wind driven energy business, where it manufactures the electronics for wind energy. It is my belief that this component of JST's business will continue to rise. The economics of JST's business are sitting at a very desirable point right now. Its future looks very bright.
JST's recent sales/earnings were really beyond what most analysts were considering or expecting. JST's shares did rise slightly in price, but, with such marvelous growth, one would expect a P/E greater than 7. Two years ago, its P/E was over 20. I believe that we shall return to the days of rising share price much sooner than later.