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Does anyone have any insight on Gulf Resources, Inc., "GURE"?
I am considering going in for a long position in the company, it is a manufacturer of bromine & crude salt.
According to its website, the stock has been hurt over the past two years because of short selling, the price of bromine decreasing and litigation.
The market price of the stock is $2.29, with a $7.47 book value. In addition, its P/E ratio is 4.93 (compared to the industry average P/E of 18.25), and its PEG is 0.26. Based on these findings, it would appear the stock is undervalued.
It has reported positive profits for the past couple years, stock is upward trending and in November one of its officers bought 274,000 shares.
I am still in college and do not have that much experience in investing in individual stocks, mostly have traded ETFs, any insight on the company or anything else I should look into? Would it be valuable to calculate its intrinsic value through the discounted dividend model, or anything like that?
I am considering going in for a long position in the company, it is a manufacturer of bromine & crude salt.
According to its website, the stock has been hurt over the past two years because of short selling, the price of bromine decreasing and litigation.
The market price of the stock is $2.29, with a $7.47 book value. In addition, its P/E ratio is 4.93 (compared to the industry average P/E of 18.25), and its PEG is 0.26. Based on these findings, it would appear the stock is undervalued.
It has reported positive profits for the past couple years, stock is upward trending and in November one of its officers bought 274,000 shares.
I am still in college and do not have that much experience in investing in individual stocks, mostly have traded ETFs, any insight on the company or anything else I should look into? Would it be valuable to calculate its intrinsic value through the discounted dividend model, or anything like that?