Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM)
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The Company is a domestic manufacturer of mobile handsets. It manufactures and sells mobile handsets based on Global System for Mobile Communications, or GSM, global cellular technologies.
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This was a phone company, but now they're switching to be a mining company? They weren't doing too bad as a phone company, so they must know something good is going to happen with their mine. Right now, they have almost 4 times more cash on hand than the price of the stock, so they have money to spend on their mining. The stock is way underpriced to me, and has a really low P/B. The only thing that seems weird is that you can't see any reports on how they've done since 2008.