This company develops, manufactures and sells hi-tech medical equipment of various sorts. They can even cure cancer :) CMED has been generating 50 % profit (on average!) and grows 50 % per year, and it does pay dividends. Earnings per share for 2005, 2006 and 2007: 0.59, 0.79 and 1.06. Consensus EPS estimates for 2008 and 2009: 1.65 and 2.15. China Medical Technologies is a frequent talker in respectable conferences, and they have deals with major Chinese hospitals. For example: "China Medical Technologies to Present at the 2008 Merrill Lynch Global Pharmaceutical, Biotechnology and Medical Device Conference". I believe that a P/E of 30 is OK for a profitable grower like this, and will probably buy more, even if I own FXP. Both of those decisions can't be wrong :)
