re: the market has this stock terribly wrong
Hello Chelle
One buys with confidence because one is buying the stock and not the market.
For some, they make profit that way, beating the market to a stock whilst others make a profit buying when the market is buying.
EMS have a broker report on the website forecasting 3 cents EPS for 2008.
Now EMS are distributing anti-malarial with yearly revenues of $36M. It is only 'distribution' so if the margin is 25% then that is another 6 cents EPS.
If EMS earn 9 cents EPS for 2008, that is a 84 cent share price at a PE ratio of 12.
If EMS earn 6 cents EPS for 2008, that is a 72 cent share price at a PE ratio of 12.
So why not invest in some EMS at 12 cents?
There are more annoucements to come.
I was happy to buy this morning at 12 cents.
Better then buying at 20 cents, for a stock that has never gone under 10 cents.
I was glad there was a trader this morning who needed their money off-loading their EMS.
EMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
