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Jerash Holdings(JRSH) came across our desk as an undervalued stock with plenty of potential. The apparel manufacturer currently has a P/E ratio of 10.84 over a trailing twelve-month average. Shares at present are trading at around $6.20 per share. Earnings over the past four quarters came in at $0.57 per share. Therefore, any initial long investment in Jerash would be paid off in just under 11 years assuming all things remain equal. This looks pretty attractive straight off the bat.
However, buying companies with low earnings multiples many times can turn into