Sutor Technology Group, Ltd. (NASDAQ:SUTR)
CAPS Rating:
The company manufactures and sells steel products primarily in China. It offers acid pickled steel, prepainted galvanized steel, hot-dip galvanized steel, and cold- rolled steel products.
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This is one of my STARZ.
Here is the thought process on this STAR:
a) Divided rate over Zero
b) 3 Year Beta between -5 & +3
c) 15% + Insider ownership
d) No greater than -50% Growth rate for the last 3 years (tough last couple of years so good that insiders are still owning the stocks)
e) Current CAPS rating between 3 Stars & 5 Stars
Open to all Industries and Sectors screened this down to just 250 stocks. I like round numbers. 12 of them I already own through other screening tools. I tend to be somewhat conservative but looking for 3 things at this point in my investing:
1. Stability & Strength
2. Yield and Modest Growth
3. Strong Position within a sector regardless of whether the
entire sector is strong or not. Each sector has to perform to some degree for the whole world economy to function. I am looking for 5 or more years down the road, ROI, and Growth. Not looking for rockets, just stars. This is a Star!!
Any good news will give this a good push upwards. I hope they buy back $5 miilion of shares or more. With a thinly traded stock that would really move the stock. I own over 8000 shares at an average price about where you started rating this!
They promised greater transparency and are getting some advice from China's second largest bank.
Buy low, sell high! I can and will wait.
Well I sold all my shares...when the news came out that the Chinese gov was going to require the banks to set up reserves I thought that that would be percieved as a negative for future contracts. (delays in contracts??)
I also don't know where SUTR is with contracts as they don't furnish much on that. When asked about their backlog, they didn't seem to understand what the word ment and said they were good through November. I don't know what that really means.
The other reason I sold out is that I fear a good size correction may be overdue in the US markets, although it seems very strong at this time.
I'll be watching the stock price! This stock does seem like it found a bottom at $1.64 and may have a new one around $1.92, but what do I know? The stock price seems dirt cheap.