Anyone know the current book value once they absorb the balance of their jv's - it looks like they are not giving them any premium for all the long term contracts they have, peers trade at about 2.4x book while caas trades at 1x? CAAS appears to have good cash flow and cash on hand, their current deals look to be accretive and should expand margins? Would like to see more institutions get involved.
Johnboy2680's message was truncated. What he meant to post was that you can't win if you don't recognize him as the sissy boy liar, penniless paper trading fraud, and attention seeking child that he is.
We love to see him posting on the message boards of the stocks that he has been more wrong about than anyone else
Johnboy2680• Jan 25, 2011 1:56 PM Flag
I have over one billion dollars to buy this stock
Johnboy2680• Dec 22, 2010 3:30 PM Flag
I have starter to buy
I been buying today at 13.73 and up
we will bring CAAS up to 15.00
Dec 8, 2010 1:47 PM by Johnboy2680
Johnboy2680• Jun 21, 2011 6:17 PM Flag
Earnings announcement tonight
The earning was up by 25%. This stock should go to 15.00 by year end
Johnboy2680Dec 7, 2010 10:48am
I am buying all shares under 15.00 today
No one knows less about stocks or the market than Johnboy2680 does which is why he always lies to you
Not easy to smile today. We should hold onto $9.00-$9.50 range.
However, we could move into the $8.50 range, if the broad market has a strong quick sell off.
The CAAS chart still is from lower left to upper right.
I believe CAAS shares will trend higher for an extended period of time. Maybe for several years. China Automotive Systems is in a very good position to obtain multiple awards for new contract business for advanced steering systems. All of the existing Global Manufacturers with production facilities in China, are now being encouraged by the Chinese Government to award business to China based suppliers. Furthermore, the major global steering suppliers are consolidating, ZF and TRW. This will also create more opportunities for CAAS.
CAAS is already supplying GM, Chrysler/Jeep and VW.
Ford is to be announced soon.
Bishop Engineering provides all the steering technology and design work to CAAS. Bishop Engineering works with all of the key global steering suppliers, Europe (Germany), USA and Asia.
I will do my best to hold onto this stock. It's very easy to sell out too soon.
CAAS continues to build a pile of cash. This stock could easily double within a year.
Good luck to you.
Today's activity, trading over $10.00 to $10.05, as of 1 pm.
This is the highest level since April 2011.
The march higher has also been gradual.
The technical aspects for supporting a continued move to the upside for CAAS, have never looked better.
Looking back, we had a spike to a $10.00 close on August 13, 2013.
Yesterday we closed at $9.67, which is the highest close since the $10.00 close of last year, Aug. 13, 2013.
Last year, the $10.00 closing price was a spike, which was well above the then, price range.
Current price of $9.67, is within a range which validates a better degree of support to move higher.
Sentiment: Strong Buy
dj rocks is pretty clueless on how to interpret financial results and the components thereof. Frankly, not sure why he would post such ignorance.
I think you should do some kind of analysis and read the 10Q before doing baseless statements.
Having related party transaction is not automatically a red flag. Related party transactions and balances are reported thoroughly in the 10Q. PwC is the auditor and did not raise any concern in the audited 2013 financial statements, which already contained related party transactions. They did raise concerns on internal controls, which are being addressed, but not in the reported financial figures.
And by the way, the land sale is not included in the $115 million figure. If you read the income statement, you will see its under the "Gain on other sales" line.
See AICPA SAS 45 and PCAOB AU section 334 for guidance on auditing related party transactions. Disclosure is covered in FASB Statement No. 57, Related Party Disclosures.
They have had related party sales for years. The auditors would focus on these sales in particular to be sure that they are at arm's length, money is not "churned" and that the receivables are paid in their normal course. I don't see this as a concern at all. Fully disclosed.