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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I am here to tell you this is the bet of the
future as this company not state owned
makes M&A's to create itself. A highly leveraged
cash making machine.
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This stock has been beaten down. Fundamentals and growth for this stock are amazing. Looking for a stellar start to the new year and a stock placed well in to the 20s. Once more acquisitions occur and earnings are released this stock will creep up to where it should be.
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This stock will be $25 in 2008. Possibly $50. Look into it...
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STeel and CHINA perfect combination
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POP,,, GOES THE BUBBLE
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This is essentially new co. in China industrial sector embarking on an acquisition schedule which should increase bottom line exponentially over the next year or two. The co. has been just listed on the Amex and not much following by analysts.
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120mil x 4 = 480million revenue per year,, third quarter shoudl boost this number further as it include the new subsidaries in the results... this stock look like a good cheap way to play china steel market
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RCH post 3 cents earning with almost no growth in the past quarter while GSI had 6 cents with YoY bottom line growth of 20x. RCH closed at $21 today (Oct 4), GSI is only $15. This is way cheap and has more momentum to go in the coming days. This thing is few people pay attention to Chinese stocks, esp OTC. When it starts to get attention, its value will get up corrected in weeks, if not days.
Yes, this one will be volatile in the coming days, but I believe $25 is still fair with 100x PE. Large steel companies like Bao Steel grows by 100%, not to mention the small one like this. There's even possibility of acquisition as Bao Steel is trying to consolidate the industry in China.
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