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Imperial Ginseng Products Ltd V.IGP

Alternate Symbol(s):  IGPFF

Imperial Ginseng Products Ltd. is a Canada-based company. The Company’s principal business was cultivating and processing North American ginseng in Ontario and selling the dried ginseng, almost exclusively to wholesalers in China, through a distributor. The Company has ceased its ginseng operation and is in the process of considering alternative business propositions and opportunities in securing new business lines.


TSXV:IGP - Post by User

Post by rationalexuberanceon Mar 04, 2014 4:58pm
147 Views
Post# 22279903

turnaround in progress?

turnaround in progress?$3.2 million net cash (42 cents)

18.6 cents eps (after adjusting for 30% taxes and 7.5 mil shares);  works out to be a p/e of 2 (based on share price of $.38)

-highest prices for ginseng the past 20 years

-looks like a screaming buy


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