Sunday, April 10, 2011

China North East Petroleum (NEP)

NEP is the first Chinese non-state-owned oil company trading on the NYSE Amex

Two important themes : China and Commodity.

PE : 2.45 (cheap valuation?)

Question : Why traded in such a cheap valuation?

Homework : Do the research, come out with reasons on WHY it is traded at such a low PE. Ask WHY. Check the validity of the data.

Conclusion : BUY or ignore?


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