thedivot

Eye on Recon Technology: Small Cap Chinese Energy-Focused IPO

My first impression is how could a company who has worked with two of the biggest Chinese oil companies and have projects on 80% of their fields only have about $12M in revenue after all these years? And we're talking about great growth going forward but where are all these new sales going to come from? Suddenly upon the IPO new clients will come out of the woodwork? I'm being simplistic here but I'm suspicious of people pumping 'sudden' great growth. I like their story but there are lots of Chinese micro-stocks with great growth at much lower P/E ratios.