CPHI - China Pharma

I've been looking at microcap/small cap stocks in much more depth lately. Specifically distressed equities but I have found some interesting plays in otherwise strong businesses. Take for example the 100%+ gain in CPSL. Purchased around $5, its trading $12 in just a few days. Talk about FAST MONEY...

CPHI had 100% revenue growth and 80% earnings growth YoY. Using the rolling last 4 qtrs of earnings they made 0.31/shr. Give it a 15 PE and you get a value of $4.60. Trading at 1.61 right now