I wouldn't worry too much about rationalexuberance. I believe he sold in the high 90s today and is hoping to get back in. No big deal.
Not sure if 29% net margins are do-able but the new acquisition could add $4.2million to the bottom line (based on $14.7mil in revenues), which equates to $.13eps. With their regular operations, they might be able to make $.53eps for FY14.
Share price of $1.10; a p/e of 2
Is this the cheapest stock in Canada or what?
September 24:
my valuation
Fair value imo is $.09 eps x 4 (annualized) = $.36 x 8 p/e multiple (due to being a chinese company) = $2.88 + $.35 (cash on balance sheet) = $3.23/share
GRE can command a higher multiple than 8 if it can show higher growth rates.
This stock is ridiculously priced. 3 years from now, it might turn out to be the bargain of the century.
JMO
disclosure: bought more today.