I was just playing around with some numbers.. and im rounding everything and talking hypotheticals so don't take it too seriously.
At $11 = a market cap of 1.25 billion
113million shares outsanding
$43mil profit. If they were not a growth company and decided to payout all profits as dividends = 43mil/113mil =38 cents per share.
38cents/11 = 3.5% dividend at current sp
Thats a bit higher than a bank deposit.
Now does anyone in their right mind think that this won't grow? That China will turn down CFDA because they are the pinnacle of health standards/heaven? They are clearly increasing revenue and expanding to high growth markets and this is not currently priced in .
Don't take my simple math too seriously, but I will be looking to keep increasing my holding at this price... just have to decide which one of my other stocks to sell!
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