Some correction has brought Best World stock price to $1.38 today and a market cap of $380 m. Profit-taking is a natural part of the market and gives new investors (or long-term holders) a good entry price if BW can earn about $38 m in profit in 2017, then the current PE is about 10X only.
Very sharp rebound today after several days of falling. Why?
Perhaps short-selling combined with profit-taking. Then today, short-sellers had to cover their backside!
I agree this share has a low valuation still. About 12 PE. Which is attractive for a biz with high cashflow, virtually no capex, pays good dividends, and MGT owns a big chunk of the company. No selling at all by the Dora & Doreen Team and by Huang the COO.