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China XD Plastics Company Ltd. Message Board

  • iq180plus iq180plus Nov 11, 2013 1:00 PM Flag

    A measly 5 times EPS multiple on annualized Q3 makes this a $12.70 stock.

    Enough said.

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    • Yes, I agree, there comes a point when something has to snap. IF CXDC is generating the earnings it is reporting, eventually something has to give -- generally, if the numbers are reasonably legit, the company becomes a magnet for a buyer... either public buyers (like us) or private... or even the company itself thru share repurchases.

      Frankly, I think the best place possible place for them to throw a little of their cash flow, would be toward taking their financial accounting and operations systems to the next level. They're supplying Tier 1 auto companies and they should seek to achieve the same level of efficiency and accuracy with their own reporting and inventory controls. I bought Hollysys (HOLI) off the IPO (China North Acq) and one of the things the impressed me about them was that they ran a very professional backoffice and devoted an enormous chunk of cash flow to R&D (7-8% sales). HOLI has been one of the rare stars among the otherwise dreadful minefield of Chinese microcaps.

      • 1 Reply to schroeger_22
      • What you don't seerm to realize is it will be taken over privately for a fraction of it's true value, see M S asia's involvment with YONG. Instead of of 8 times eps or 20 dollars a share we will get $7.

        But that will be fair from the companies standpoint as they got screwed by the H-town maggots, and we as investors are causualties. Thanks to the Greenbergs of the world.

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