Saturday, July 19, 2014

New buy: EJ

EJ.  EJ owns 75 of LEJU, which it spun off.  It is trading less than LEJU's value and cash.  The market got skittish on Chinese housing stocks but recently there have been positive developments.  I see a double bottom with a handle now forming.  Earnings have grown over 170% this year.   8X future earnings. 

Entry: $9.79
Stop: $9.00  R.75%

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