Fushi Copperweld, Inc. (NASDAQ:FSIN.DL)

mrindependent (75.86) Submitted: 8/6/2010 11:24:09 AM : Start Price: $8.18 FSIN.DL Score: -11.91

Fushi Copperweld is an underpriced manufacturer of bi-metallic wires headquartered in China. The price is right at 0.99 times book and 6.5 expected 2010 earnings. The balance sheet is debt free and historical returns on equity are terrific. I think now is a good time to load up on Chinese equities because the current price of the Shanghai Composite crossed above the 50 mva in late July. Price over 50 day mva has been a reliable guide for Chinese equities over the last two decades. Last, but not least, FSIN qualifies form my ValueStocks screen which outperformed the S&P500 by 20% per annum over the last decade.