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S&P 500: 1,342.64 Change: +0.17%
China
P&P Score: 4.62 | Points: -14.42 | Accuracy: 18.18 | Average Pick Score: -6.55   Annual Return: N/A  
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Commentary
BUY: GENERAL STEEL HOLDINGS INC (GSI) Rating: 4
Start Price: $3.65
Points: -120.08
Created: 07/03/2009
GSI (General Steel), the best steel stock for China

GSI currently is trading at $4, it was trading at $7.35 on May 5th after they beat the analyst earning estimate. It had dropped nearly 50% without any news, the valuation is extremely attractive.

Sales $1.38 Bil
Sales Growth* +74.90%
Income Growth*+235.40%

Operating revenue:
2006 $139.49 million
2007 $772.44 million
2008 $1351.20 million

Operating profit:
2006 $6.09 million
2007 $67.22 million
2008 $30.34 million (hurt by beaten down low steel price, the steel price since then have rebounded, GSI had excellent 1st quarter earnings, 2nd quarter will be even better)
Source: http://www.marketwatch.com/investing/stock/gsi/financials

GSI is currently ranked number 8 on the potential upside list:
http://www.cnanalyst.com/upside/

GSI is a much bigger steel company than other Chinese steel companies such as CPSL or SUTR

Look at its growth year over year:
http://www.marketwatch.com/investing/stock/gsi/financials

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