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  • herhaal herhaal Aug 9, 2011 11:32 PM Flag

    Piper Jaffray Target 26.5 on HOGS

    Piper Jaffray reiterated Overweight rating and $26.50 price target on Zhongpin Inc. (NASDAQ:HOGS). Cowen and Company reiterated Outperform rating on Zhongpin Inc. (NASDAQ:HOGS).

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    • that's because they represent insider investors

      • 3 Replies to cangelosi_g
      • "that's because they represent insider investors " and Roth doesn't? Hmmmmmmm.....much was made of Roth but you flippantly discard Piper? Can't have it both ways.....Is there an analyst out there who doesn'tsee 20 a share......if so, is it because he "represents short insider interests"? Piper is legit, at least.

      • $26 a share is reasonable if the p/e of HOGS numbers are real. That would be a p/e of 10 to 12 on a forward p/e basis. At a p/e of 12 for 2012 earnings, the stock would trade in the high 20's if the company was in America. The problem is no one trusts Chinese numbers now. Chinese stocks (and Shanghai is now in an official bear market) are seen as scams...often by Chinese themselves. Of course not all Chinese companies are frauds but so many have been caught cheating that their numbers are not trusted. The Chinese have done this to themselves. They don't have enough experience with capitalism. When capital is not spent on Chinese stocks, that's bad for China. So by not policing their companies, they starve their own companies of Western capital and even Chinese capital.