GENERAL STL Holdings (NYSE:GSI)
The Company through its subsidiary, is engaged in the manufacturing of hot-rolled steel sheets used in the construction of small agricultural and vehicles.
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The accounting stuff has been squared away, though a bit tardy, but it gives it some finality. They're should be a short squeeze since shorts have been covering since Aug. when it stood at 688k shares and is down to 650k shares with who knows how many covering today. As long at the price continues to climb a few cents each day and hold that level, then we won't see another short collapse because they have reported earnings, and I liked them: over 100% over the year ago period. Plus the 2 buybacks of 10 million shares in 2 different tranches.
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Chinese reverse merger fraud.
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they seem to have a plan, I am always happy when a company wants to keep shares
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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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New acquisitions and mergers will show their benefit in the next quarterly report. Disaster in Japan also opens up a huge opportunity.
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Huge beaten down stock, way oversold. 50% or higher by end of year
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High Public Opinion with High Relative Strength
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Have not researched the fundamentals thoroughly. At 52 week low though. Looks like its due for a quick rebound. Building is still strong
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Construction will be back and steel is very expensive right now.
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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).
General Steel Holdings, Inc. went public via a reverse merger in 2004. The company is based in China.
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$4 in 12 months.
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Rebound it will.
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picks source: dragonlz
these 3 are the picks that are >$1, have garnered the worst score for active picks by dragonlz up to 12/7/2010, are 3star or more on CAPs.
Additionally, the equity for each of these companies were observed at recent quarters and recent years. None of these companies had any significant slash in their total equity.
Picks: GSI, MDCI, SRT
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china will be building chicago sized cities inland. gsi is already in those areas. it will just take some time and no major wars.
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China is a key market for manufacturing expansion. Construction industry will rebound.
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(NK) recent add, possible recovery candidate
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GSI is gearing up for the long term. Buying up competition at good discounts, locking in ores at low prices. With China's expansion and the government's ban on new steel facilities till end of 2011, GSI looks set to shine in a high barrier industry (at least in China).
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with chinas economy expanding and its need for steel this company which has a huge advantage over its competitors is a win win situation. If you get in now while its low youll be smiling big time later. :)
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high growth rate,
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Good future growth and earnings.It's down but not out.
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