House keeping has made me move this to it's own discussion board topic, where I expect it to sink like a rock.
Price at time of evaluation: 6.58
Price as of update: 5.17 (-21%)
Current Valuations:
Price Earnings . . . . 7.40
Price/Sales . . . . . . 1.62
Price/Book . . . . . . 1.46
Price/Cash Flow. . . 7.20
What I said 7 months ago:
CMFO is a mixed bag: I like their product, but the price to book is too high for a company whose revenue isn't based on intellectual property. Also, I like my staples with bigger fists (like coke), but if you want a steady slow earner this could be the china version of it. I'd rather you buy the coke or Pepsi bottler for china however. This company, so we're clear, makes snakes out of fish products. Like shrimp chips. I don't see the world buying them. No one in the major (other) economies, and no (other) emerging markets means this is a huge pass for me. Although I do happen to like shrimp chips (but not enough to buy them). Also china is reducing it's population and migrating (slow but sure) to a western diet. So buy the chips, not the company.
Price at time of evaluation: 6.58
Price as of update: 5.17 (-21%)
Current Valuations:
Price Earnings . . . . 7.40
Price/Sales . . . . . . 1.62
Price/Book . . . . . . 1.46
Price/Cash Flow. . . 7.20
What I said 7 months ago:
CMFO is a mixed bag: I like their product, but the price to book is too high for a company whose revenue isn't based on intellectual property. Also, I like my staples with bigger fists (like coke), but if you want a steady slow earner this could be the china version of it. I'd rather you buy the coke or Pepsi bottler for china however. This company, so we're clear, makes snakes out of fish products. Like shrimp chips. I don't see the world buying them. No one in the major (other) economies, and no (other) emerging markets means this is a huge pass for me. Although I do happen to like shrimp chips (but not enough to buy them). Also china is reducing it's population and migrating (slow but sure) to a western diet. So buy the chips, not the company.
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