China Automotive Systems, Inc. (NASDAQ:CAAS)

CAPS Rating: 2 out of 5

The Company, through its Sino-foreign joint ventures, is engaged in the manufacture and sale of automotive systems and components in the People's Republic of China.

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Member Avatar Jordrok (99.01) Submitted: 9/16/2014 12:07:52 PM : Outperform Start Price: $10.39 CAAS Score: +0.43

Mechanical investing

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Member Avatar AlexeiVronsky (96.47) Submitted: 9/16/2014 5:29:16 AM : Outperform Start Price: $10.58 CAAS Score: -2.18

Screener pick

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Member Avatar Staka (97.70) Submitted: 8/2/2014 2:14:45 PM : Outperform Start Price: $8.65 CAAS Score: +16.88

Positive:
- Cheap valuation, close to tangible book, no debt
- Solid mid-term uptrend with short-term entry point
- Negativity towards Chinese stocks seems to recede a bit

Negative:
- Chinese company, although probably not a fraud
- Cyclical company
- When the Chinese house of debt finally breaks down all bets will be off but it might still be 2-3 years in the future

Strategy: R13BRn

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Member Avatar SqwiiTrader (< 20) Submitted: 11/4/2013 5:58:36 PM : Outperform Start Price: $6.75 CAAS Score: +40.97

prediction TOS

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Member Avatar dbackroyal (< 20) Submitted: 10/18/2011 1:33:42 PM : Outperform Start Price: $4.99 CAAS Score: +45.70

I think autos will lead us back to economic recovery and CAAS will be a part of it.

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Member Avatar mrindependent (82.62) Submitted: 7/19/2011 5:43:19 PM : Outperform Start Price: $8.18 CAAS Score: -22.99

Underpriced Chinese Auto Supplier will rise from the wreckage caused by accounting restatements that had nothing to do with fraud.

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Member Avatar BuffettJunior1 (97.59) Submitted: 6/24/2011 6:39:29 PM : Underperform Start Price: $8.62 CAAS Score: +36.87

Another Chinese fraud!

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Member Avatar ChinaBottom (< 20) Submitted: 6/23/2011 11:56:16 PM : Outperform Start Price: $7.30 CAAS Score: -13.19

Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.

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Member Avatar ChinaRTO (99.89) Submitted: 4/14/2011 3:17:34 AM : Underperform Start Price: $9.73 CAAS Score: +46.06

This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).

China Automotive Systems, Inc. went public via a reverse merger in 2003. The company is based in China.

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Member Avatar rickdoom (98.20) Submitted: 4/8/2011 2:06:01 PM : Underperform Start Price: $10.93 CAAS Score: +55.61

A Chinese RTO rallying on preliminary UNAUDITED financial results. Sounds dubious to me.

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Member Avatar seotrader (< 20) Submitted: 3/18/2011 10:11:02 AM : Outperform Start Price: $8.73 CAAS Score: -36.41

The stock value is 20$ , I believe it will get to 20$ in the next 2 years for sure.

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Member Avatar 4thand80 (28.49) Submitted: 11/15/2010 3:17:24 PM : Outperform Start Price: $15.71 CAAS Score: -100.31

High inside ownership, no debt, low institutional ownership so far so plenty of room for the big guys to make waves.

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Member Avatar rainmaker59 (38.40) Submitted: 11/12/2010 6:04:21 AM : Outperform Start Price: $15.68 CAAS Score: -99.39

Half price of its one-year high. Room to boom.

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Member Avatar bofors (< 20) Submitted: 10/7/2010 10:21:26 AM : Outperform Start Price: $15.80 CAAS Score: -106.64

This is a brief outline of how and why I selected CAAS to outperform:

(1) CAAS appears maintained an absolute floor of about $14 for the last 10 months.

(2) CAAS almost crossed $27 in January.

(3) The mean value of CAAS for the last 10 months is about $19, and it has traded above that mark almost every month except September 2010.

(4) CAAS's revenue is growing at a rate of about 25% per year.

(5) CAAS is part of the nascent Chinese automotive industry, which is expect to grow significantly with the Chinese middle class's demand for cars that is already the largest market in the world.

(6) CAAS won a new contract from a top 5 Chinese automotive company in July.

(7) CAAS has supplied parts to Volkswagon/Audi China.

(8) CAAS has three R&D centers with a staff of some 200 people and an academic research relationship.

(9) CAAS has licensing and technology transfer agreements agreement with other steering systems companies.

In short, the Chinese automotive industry appears to be a very good place to invest. It appears that CAAS's may be purchasable under $16, while it can be expect to approach $18 within months. Although CAAS has a relatively high P/E ratio (13.40) and a much slower growth rate that others in the Chinese auto parts sector, there appears to be very little potential downside here.

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Member Avatar irwinaud (54.33) Submitted: 9/5/2010 10:31:45 PM : Outperform Start Price: $15.49 CAAS Score: -114.28

Speculative play on huge Chinese auto market

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Member Avatar izmoren (< 20) Submitted: 7/31/2010 1:10:40 AM : Outperform Start Price: $17.28 CAAS Score: -125.97

oXEN

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Member Avatar Rodgereiss (< 20) Submitted: 4/22/2010 4:40:29 PM : Outperform Start Price: $21.77 CAAS Score: -117.88

Coming off of 3 quarters of accelerating earnings growth and once the big boys start to get on board the stock price will follow the earnings track record.

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Member Avatar mowenranger (< 20) Submitted: 2/23/2010 9:54:45 PM : Outperform Start Price: $20.12 CAAS Score: -130.22

Well positioned in a huge market. Hoping that the global economy recovers within the next 5 years though....

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Member Avatar totto1437 (31.08) Submitted: 2/22/2010 8:59:31 AM : Outperform Start Price: $16.71 CAAS Score: -117.89

well positioned in a emerging market

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Member Avatar leonardrandle (< 20) Submitted: 2/10/2010 7:26:44 AM : Outperform Start Price: $15.55 CAAS Score: -120.21

caas

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