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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My China bets have been fairly poor recently, although this one has not been too bad. The company's finances have improved this year and it appears that China will continue to grow at a rate that is sustainable for several years. I anticipate that this stock will gradually beat the index but not in a spectacular way. It may take until 2011 for CPSL to pull ahead of the S&P 500, mostly because I suspect that next year's earnings for the index will disappoint and lead to a US market correction.