tag:blogger.com,1999:blog-218074330064619879.post840836263336486620..comments2024-01-30T19:22:15.345-08:00Comments on Profit Hunting: Pfood vs YurunBlack Cathttp://www.blogger.com/profile/02927202031699478970noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-218074330064619879.post-45703101734050122272009-04-30T09:17:00.000-07:002009-04-30T09:17:00.000-07:00Hi mitchell,
Pfood is ideed more trustworthy and ...Hi mitchell,<br /><br />Pfood is ideed more trustworthy and dependable. Like a cash printing machine which regularly pays dividends to shareholders. Yurun has had cash outflows due to their expansion for at least the past 3 years. Still going thru their cashflow statements to see how comfortable I am with this. Hopefully will have something to post this weekend.<br /><br />My original aim of looking at Yurun is to see how it is competing with Pfood, which I hold. In the long term, what happens if Yurun keeps getting a larger share of the market (eg: 6%) while Pfood grows more slowly (mabye getting 3%). Will pfood still have pricing power?<br /><br />Valuation also depends on growth. At HK$10, Yurun's 08 PE is 13 or 14. If the company can consistently grow at 30%, then its cheap.Black Cathttps://www.blogger.com/profile/02927202031699478970noreply@blogger.comtag:blogger.com,1999:blog-218074330064619879.post-72531691400418917482009-04-27T03:19:00.000-07:002009-04-27T03:19:00.000-07:00Hi Black Cat,
Nice analysis..I feel that Yurun is ...Hi Black Cat,<br />Nice analysis..I feel that Yurun is quite richly valued with a short operating record? 2/3 years?but Pfood has been undervalued due to poor S chips sentiment?...Pfood also has a longer operating history..10 years right?More trustworthy and dependable?MOhttps://www.blogger.com/profile/11350506006443674017noreply@blogger.com