China Precision Steel Inc (NASDAQ:CPSL)

CAPS Rating: 4 out of 5

A niche precision steel processing company principally engaged in the production & the sale of high precision cold-rolled steel products & in providing heat treatment & cutting medium & high carbon hot-rolled steel strips & chrome series stainless steel.

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Player Avatar MikeBobulinski (< 20) Submitted: 5/6/2009 1:01:53 PM : Outperform Start Price: $2.90 CPSL Score: -137.23

Been waiting a bit for this one to become ratable again. I missed getting a rating in when it was down around $2 per share, so I'll settle for where it sits now.

Niche market steel company in China. GIven China's potential and the fact that CPSL is sitting in the middle of a bunch of pent up spending, I am thinking it is only a matter of time before CPSL pops back up to near the $10 per share mark. I can afford to wait for that.

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