Current Price of CNOAThe price has really been pushed down lately. At $.63, the stock is trading at less than 3 times trailing twelve month earnings. This seems very odd for a stock with the huge growth that China Organic has reported.
I think the company should:
- provide an update on the status of the wholesaling/processing/distribution company acquisition announced over 6 months ago
- provide an update on operations
- provide guidance on revenue, earnings and earnings per share for 2008.
If these items were positive, then I think the share price would respond in a very big way.
Patience is indeed a virtue...