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Origin Agritech Limited (SEED) Message Board

  • analyst112 analyst112 Feb 2, 2011 1:56 PM Flag

    Horrible earnings

    I just checked in on SEED after a few year absence. Can you please explain why the stock is $9.5 instead of $3? I see they earned $.31/shr but that included $.07 of gains from sales of a subsidiary. So they earned $.24 for the year ended Sept. flat with 2009. Their outlook just says things are getting better. Well at 38 times earnings, they better get a whole lot better. A lot of the China small caps are trading at 4x in the U.S.

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