Fushi Copperweld, Inc. (NASDAQ:FSIN)

Nice little growth rate of 15% with PEG being below 1.

Even if the buyout doesn't go through, stock is still cheap according to the fundamentals.

Good company, undervalued

buy out 11.50$

gee whiz? fraud.

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).

Fushi Copperweld, Inc. went public via a reverse merger in 2005. The company is based in China.

Covestor Model Manager Atlas Capital bought FSIN in his MergerArb Covestor Model ( http://covestor.com/Atlas-Capital )

Positive:
- Cheap
- Good growth
- New auditor KPMG
- Take private proposal for $11.50 (which still undervalues the company by a mile except it is a fraud) should act as the minimal price target
- Profit from high copper prices because they can provide searched for substitutes

Negative:
- Danger of Chinese bubbles bursting and taking the whole market down

Category: IEYP+

cause works with copper and has a good P/E

Fushi Copperweld is an underpriced manufacturer of bi-metallic wires headquartered in China. The price is right at 0.99 times book and 6.5 expected 2010 earnings. The balance sheet is debt free and historical returns on equity are terrific. I think now is a good time to load up on Chinese equities because the current price of the Shanghai Composite crossed above the 50 mva in late July. Price over 50 day mva has been a reliable guide for Chinese equities over the last two decades. Last, but not least, FSIN qualifies form my ValueStocks screen which outperformed the S&P500 by 20% per annum over the last decade.

Great company.

I really like the long-term growth prospects of the industry. The company produces Copper-Clad Aluminum and Copper-Clad Steel wire as alternatives to solid copper wire. Iron and aluminum are both more abundant than copper so the company should have a long-term price advantage.

Company has a significant advantage in the Chinese market as they are bringing superior British technology into the Chinese marketplace through their acquisition of Copperweld. Most of the company's profits are derived from telecom and utility industries as they need to expand and maintain their infrastructure. This means big potential growth in China as current infrastructure is lacking to say the least.

The company had an off year in 2009 as its customers cut capex spending in the face of a tough economic environment. Thus, this offers long-term investors as opportunity as the company's cash flows are temporarily depressed. I estimate the company to be trading around 20x FCF but I estimate LTM FCF to be at around 8mm compared to about 35-40mm for fiscal 2008.

Simple bread and butter business with great growth potential

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

One of my favorites. Kicking myself for not getting in earlier.

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

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.

Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 5/11 picks.

Good growth and earnings.

steady recovery