RE: RE: RE: RE: New 52 week high Hey, nice to see you on the GRE board. After GRE posted the aquisition I needed some money to buy more of that stock and so I sold like 15% of my MCR shares in the morning to buy more GRE (fml, it goes up 20% right after, o well).
For anyone interested in GRE, it has a P/E of 2.5 with the recent increase in farming land and will have a P/E of less than 2 after the acquistion for the 3rd quarter. You could say MCR is trading at 3.65 P/E. GRE is also paying a 1c dividend which at the time they announced was near 9% yield. Hopefully they will increase this soon once they get more cash. Only downside is that this is a Chinese stock, but they do have some reputable Canadians on the board so hopefully it's safe, with insider buying. And if you do look at this stock fyi it's diluted by half, really no concern here as they do promintly post the diluted results everywhere.
Of course my main stock is MCR, bought as much as I could, deemed safe, near $2. Canadian stocks that are growing should not be trading at this low of a P/E. Hopefully we can get this thing to $5 soon.