Fushi International, Inc. (FSIN)
Blank check company seeking merger or acquisition
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Simple bread and butter business with great growth potential
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great!!! like lynch likes, simple , boring, ignored. makes copper wire.good insider owner ship.good p/e. good balance sheet n income statement.
bull in china especially in these type of companies
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Heavy insider ownership. Makes copper coated wires..alternative to expensive pure copper wire with good conductivity and strength. Should benefit from China stimulus. Reasonable debt and cash on hand.
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Chinese equivalent (in PE terms, at least) of BGC.
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One of my favorites. Kicking myself for not getting in earlier.
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I would expect to see this stock top out around $10 per share in the near term.
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Fushi Copperweld(Nasdaq: FSIN) $7.92 -0.03 (-0.38%) 5/21/2009 1:18 PM
Manufactures bimetallic wire products, a substitute to copper.
4 **** 69/3
"Let's look a little more at Fushi Copperweld. Fushi is China's largest manufacturer of bimetallic wire (copper wrapped around a core of steel or aluminum), which is a substitute for copper and can be cheaper, especially if commodity prices heat up again. The wire is used in a wide range of applications, including telephone lines and network signal transmission cable, among others. As China has said that railroad infrastructure will get an additional $2 billion this year, Fushi could benefit by supplying a major component of the electric railway conductor lines."
TSIF: Actually Fushi Copperweld manufactures bimetallic wire used in numerous applications, from coaxial cables for CATV, distribution cables, cellular industry, grounding applications, power cables, electrified railways, transformer windings, wiring harnesses for automobiles, trucks, motorcycles, commercial off road equipment, and trailers. And don't forget the car booster cables. They are running at about 60% capacity and well set up to ramp up as the Chinese and US infrastructure plays. A chinese company that sells on Four Continents, (and probably has it's jumper cables on all 7). P/B a perfect 1.00.
Beta (3 year) 1.50
Volume 120,353
52-Wk Range $2.32 - $25.59
Avg. Daily Vol. 350,000
Financial Strength
Quick Ratio 2.90
Current Ratio 3.70
LT Debt/ Equity 0.20
Total Debt / Equity 0.33
Valuation Ratios
Price Earnings 8.00
Price/Sales 1.00
Price/Book 1.09
Price/Cash Flow 5.50
Per Share Data
Earnings 1.00
Sales 7.97
Book Value 7.30
Cash Flow 1.44
Management Effectiveness
Return on Equity 14.00
Return on Assets 9.70
Return on Investments 11.70
Profitability
Gross Margin 31.10
EBIT Margin 17.10
Profit Margin 12.90
Efficiency vs Industry
Revenue/Employee (TTM) 379,169.00 207,895.00
Net Income/Employee (TTM) 48,758.00 9,429.00
Receivable Turnover (TTM) 5.80 4.80
Inventory Turnover (TTM) 15.80 4.90
Asset Turnover (TTM) 0.80 1.00
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Commodities up, these guys good. China leading the comeback, these guys good. Insider ownership high by these guys, BUY these guys if you need a long hold.
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Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 5/11 picks.
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Oversold with low debt, poised to rebound (soon I hope)
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Good growth and earnings.
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steady recovery
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With China stimulus package and rebound with market stock will soar.
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46% insider ownership which beats the 43% institutional ownership. $20 off its 52 week high, but has more than doubled since reaching its low a few weeks ago. Revenues increased the past year, despite the economy, NI was flat. Their bi-metallic wires will be in high demand as the price of copper stays high and their products can be bought for less. They have cash on hand sufficent to cover LT debt and then some. Only 2 analysts follow so far and less than 200 caps members, so it can be a sleeper growth play. While several imply that it will fly higher with China's stimulus, again, looking at it being a low cost replacement for pure copper wire is the way to go, not levered to China's stimulus plan. All the techie sites I could find say this stuff is the same if not better quality than pure copper, has durability, and is easier to work with. I'm in it for the long haul!
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(L>50&8>50)&C>MaxH10.1& (M//W or M>
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undervalued
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The earnings on this stock keeps going upwards but the price keeps going downward. Its a value buy.
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cheap, cheap, cheap - lot of new capacity coming on too
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I've owned FSIN for several months and for the most part the reasons for me to buy back then are still valid: market lead in an innovative product; strong growth; shifting production to China, where costs are lower; very low PEG.
Two areas of concern for me are: their margins continue to deteriorate; for the first time they lowered their guidance, which may just be a consequence of a poor economy, or the beginning of a downtrend.
Time will tell. I like my odds at this time and will hold my position.

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