May 16, 2008

AU Optronics is Cheap

Zacks calls the vaulation on Au Optronics "bordering on the absurd." From the article:

"The valuation on AUO is ridiculously cheap. It is currently selling for 5.8x current-year estimates of $3.38 per share. Those estimates have increased 19 cents over the past month. Two of the five covering analysts have raised their numbers."

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