Yesterday, we coded Aceto as a GeoSpecial based on our new valuation gap criteria.
The stock has yet to react to the company's financial report on May 7, 2009 when the company reported EPS of $0.15, exceeding analyst estimates by 50%.
Management comments are strong and fiscal June 2011 EPS are expected to reach $0.66. If investors are willing to apply a P/E of 15 on 2011 EPS estimates, the stock price could trade at $9.90.
Chemical
aceto.com