SpeculatingStocks.com: Stock Picks, Stock Analysis and Stock Updates Daily
Enter your Email Address for Stock Alerts Intraday Stock Updates
SpeculatingStocks.com Homepage Stock Market Services Offered Our Winning Stock Pick Success
Stock Picks
Featured Stock Profiles

Stock Notes
Stock Updates on Past Stock Picks
Speculation Board
Testimonials from Viewers
The SpeculatingStocks.com Team
Contact us and More Info
  

April 17th, 2007

SpeculatingStocks.com Stock Pick: China Precision Steel, Inc. (CPSL)

Price: $4.73 (short-term)

China Precision Steel, Inc. is a niche precision steel processing company engaged in the production and sale of high precision cold-rolled steel products. China Precision Steel produces high precision ultra-thin cold-rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People's Republic of China.

Steel stocks are hot right now and CPSL is in one of the hottest markets for steel in China. Revenue came in at $15.0 million with net income of $2.90 million, up 52% and 7.5% respectively over the same period last year.

CPSL is gaining strength after reversing from a bottom below $4.00. CPSL looks ready to fill a recent gap down from the $6.00 level.

SpeculatingStocks.com Opinion: $7.00 within 1 - 2 months.

Please Read our Legal Disclaimer Our Privacy Policy