THE RATIONAL INVESTOR

Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

April 07, 2007

JIANGXI PE 7

0358.HK JIANGXI COPPER
shares in total (A+H+State Owned): 28.9503 y
after issuing new shares: 32y

Profit by seasons: 9.13 + 11.43 + 15+ 15 (estimates) = 50 so EPS = 50/32=1.56

Price Vs PE
10.32 => 6.6
11 => 7.051282
11.5 => 7.371795
12 => 7.692308


Strategy: buy and hold and keep eyes on copper price

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