from Form 10Q recent Q1 report.
(b) Use of estimates
The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United
States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of
revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the
time the estimates are made; however actual results could differ materially from those estimates.
We have to assume the approximations are OK. I would like this stock to do well but you can't do enuff DD.
What would you say its P/E should be? About 7, I'd say. That's about $7-8 a share.
And who are the analysts who talk about a $15 target? Of the four analysts YUII list, two are in fact the same, and one is a HongKong Chinese name.
My take: this company is genuine but am I a part owner? I doubt it. At present I think I'll exit if it bumps up above about $7.5
Malc