China Precision Steel Inc (NASDAQ:CPSL)
A niche precision steel processing company principally engaged in the production & the sale of high precision cold-rolled steel products & in providing heat treatment & cutting medium & high carbon hot-rolled steel strips & chrome series stainless steel.
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gerat potential and huge upside
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china steel
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Construction Steel play
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increase on demand of aluminium
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Speculative Play. Steel is in strong demand internationally. Global growth play.
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Enjoy the risk:reward ratio.
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Very speculative but screw it.
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spec play near the low end now
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I bought this last month when it was low and it has already grown 60+ percent. Great buy!
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Look at the stock price, look at the cap, look at what company produces, and (gong!) look at the country where the stuff is done!
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Demand for springs and cold steel will increase as manufacturing continues to increase in China. It is difficult to tell how low this stock will go possibly to $2.50 before it bottoms out, buy and hold for 2 years.
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Best industrial China play right now. This is a 100 million dollar market cap and the company projects a gross profit of 50 million in 2008? Company placed some sort of secondary offering that it priced at 3.50, which ramped the stock way down. Assumng Hugo Chavez does not take over China, this stock should take off.
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Steel is actually a hot market in China now, and since the People's Republic of China is still generating huge numbers of steel made products and the demand will be higher for the following monthes due to the fact that the Chinese Olympic is coming in 2008 with lots of construction and huge projects. Therefore, definitly a great future laying ahead for CPSL
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IPO stock that has bottomed, very cheap, came back up 18% on the 16th, last two days has been profit taking. It should do very well in the short term, being an asian steel company with huge demand.
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Revenues increases have occurred. This might be the turnaround and trend up.
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