China XD Plastics (NASDAQ:CXDC)

CAPS Rating: 1 out of 5


Player Avatar ariesjvfool (< 20) Submitted: 11/15/2013 5:56:28 PM : Outperform Start Price: $4.87 CXDC Score: +4.18

In 2011 Morgan Stanley Private Investment Asia invested $100 million dollars in CXDC to buy 16 million convertible preferred shares that convert at $6.25 - they are also sitting on the company's board. This is no fraud stock... CXDC is a great value, with a PE of 3.3, a growth rate of 23% and $5.75 cash per share. At this growth rate, it cannot trade below $5 forever.

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