Thats $10/share here.
Taishin hasn't had anything trade lower than 16 pe..buying is trying to get anything before this listing.
LLEN can be up 5 points when news is better known. Read the recent PR.
Read the PR will be noticed soon.
3/21/13, Airmate cayman International Co. Taiwan code # 1626
Outstanding shares 122 million
Current PE = 16
Manufacturer of heaters and fans.
LLEN last reported book value was $5.30 x 3.67 = $19.45 stock price
And a 16 pe would equal $16+ stock !
Read Seeking Alpha article under Headlines. Also float is only 8 million, volume now has support level very high.
See you in Teens...sellers are crazy.
Buying all week.
Also leases like SCTY and only 8 million in float!
average pe ratio is 22 ! LLEN could thus run to 22.
Stock here would trade at $10, that is just a 10 pe with earnings of $1...the average pe is 22 in Taiwan so it will probably double from there.