Is this undervalued?I have done a lot of buying in this name over the last couple weeks at prices under $4 including today and as low last week as $3.68. Trading for 5 times 2009 EPS estimates. That for a high growth company that has admittedly yet to prove itself. I found the following analyst update info today on IV;
Hanwei Energy Services (HE : TSX : $3.93)
Hanwei secures some debt financing
Canaccord Capital maintains "buy", 12-month target price is $9.75
GMP Securities maintains "buy", 12-month target price is $10.70