cmc a stock to watch, page-5

Good and easy to understand analysis Jaydee. However, I would change the P/E to between 3 and 5 to be conservative though. You'll need to discount it as it is in China and carries a fair bit of risk plus it is a single commodity. There have been some very good mining stocks that have had P/E's of less than 10 for a significant amount of time. So on a P/E of 5, this is roughly about 50c for their 90% share. Still not a bad trade. As it moves towards 105,000 and assuming no more shares are issued, Bang! Roughly becomes $2.50 for P/E of 5.

Just my thoughts and agree it looks good on paper. If only I had a money tree.