GENERAL STL Holdings (GSI)

1.20 in cash more than 25% of stock price

adding to my real money portfolio

Tim & Nathan of Global Gains time to look at GSI

After hovering in the $4 range for months, this stock finally crushed estimates with a .22 eps qtr.

China's massive infrastructure stimulus $586B is finally making its way down to Steel companies. It was expected that most of the Infrastructure spending would not make it to steel companies until last qtr 2009 or 1st qtr 2010. But today's earnings by GSI confirm that it has made its way down to steel companies in China 1 qtr earlier than anticipated.

Looking for GSI to double in price by this time next year. Should steadily move up from current price and head over $5+ by end of 2009 and $10 target for 2010.

8x34 cross confirmed

In for the short term. The charts on GSI is projecting it to be a breakout. Hence it's a good time to get in.. ride high with the tide.. and make a quick profit :)

** Courtesy of Kunal Desai

General Steel Holdings Inc., through its subsidiaries, operates a portfolio of steel companies serving various industries primarily in the People?s Republic of China. The company manufactures hot-rolled carbon and silicon steel sheets for use in the production of tractors, agricultural vehicles, shipping containers, and in other specialty markets; spiral-weld steel pipes, which primarily serves customers in the oil, gas, and petrochemical markets; and integrated steel, pig iron, crude steel, reinforced bars, and high-speed wire for the construction industry and infrastructure. It sells its products primarily to distributors. The company was founded in 1988 and is based in Beijing, the People?s Republic of China.

In have this in my real longterm account and expect it to double within 6 months. (In at $3.91)

china infrastructure . solid financials

China has a huge infrastructure upside and cars use steel as well.

Following translator999 with this one.

GSI sells rebar and other steel products in China. We all know that China's infrastructure projects are huge, and this company is set to prosper from the global market's recovery.

If China is to grow they will need steel. They will buy steel from a lot of different companies (PKX for one) but they will buy local if the quality is sufficient. I believe that GSI has the right management and enough government blessing to survive the inevitable SOE consolidation and come out on the other side as a winner.

China, steel, growth, growth, growth

Q1 2010 Target Price: $6.80

- A growth company in China with an aggressive business plan: buying steel companies and trying to consolidate the industry.
- Infrastructure projects in China is booming because of their stimulus and it'll continue growing due to urbanization in rural areas of China.

commodities still leading the market recovery

Looks good.

We'll see if Soros is right

I think this will continue to grow. May take a bit but belive it will.

China needs steel. looks like a bargain

In for the long haul. Don't let this disappointing quarter and apparent short-term mismanagement cloud the fact that GSI will continue to flourish for many quarters ahead! As China continues to modernize, steel companies like GSI will continue to grow and shareholders will reap the rewards over the long-term.