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China XD Plastics Company Ltd. Message Board

  • iq180plus iq180plus Sep 13, 2013 10:13 PM Flag

    Yeah. I'm here. So is Morgan Stanley Asia. Things tradings at 2 times second half annualized earnings.

    Also has the backstop of morgan stanleys preferred share 100 mill investment which rules out fraud. Will likely be taken private within the year. 3 times q 3 and 4 annualized run rate would put this at 6 dollars or 50% upside. needless to say 5 times let alone 3 times eps is ridiculous.

 
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