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The Madison Square Garden Company Message Board

ssam 2 posts  |  Last Activity: Jul 22, 2014 2:32 AM Member since: Dec 17, 1997
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  • Sinopec is the sister company of CNNOC, just posted a gain of 8% on sales, stock price went up 2% here it is the news brief:
    China Petroleum & Chemical Corp. (386), Asia’s biggest refiner, reported an 8 percent gain in first-half oil and gas production as overseas output doubled.
    The stock gained 1.9 percent to HK$7.36 in Hong Kong trading as at 10:49 a.m. local time, the biggest gain since June 26. The city’s benchmark Hang Seng Index rose 1.1 percent.

    I am expecting the 1.5% increase in US side as well.

    anyway, this is stock you can hold for long time because there is no competitors in where they sell.

  • For projected profit of 0.85, this stock is now valued at trailing P/E of 25-26. It is way above the P/E corning has, which has a track record of delivery. So I say this stock is over bought, it should be at 15-16 P/E vs current 19 Corning has.

66.86+0.64(+0.97%)Aug 29 3:59 PMEDT

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