Open Question
Any Thoughts on CPSL? (Steel play from China)
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They had a good 3rd quarter. There is a lot of concern about dilution. This is
one volatile stock. One analyst described it as "more volatile than Lou
Pinella on steroids."
They have had steady growth in gross profit and manufacturing capacity. It has
good prospects and is well positioned. If you have a longer time frame, I think
it has merit. I have not done a detailed analysis, but they have a decent
balance sheet.
It's not my cup of tea, but I think it is a decent spec play in the steel
industry.
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