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China Valves Technology, Inc. Message Board

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  • acorisk acorisk Mar 10, 2011 7:50 PM Flag

    Is 5 bucks a good entry point?

    this is as good as it gets. If you are a short basher - congrats. If you are truly looking for long value....

    The stock is pummeled, though it has great sales. Needs to reign in some receivables. Fixed its cash position by selling stock at $10 / share in January (raised $10 million).

    Great value - domestic producer of valves for china nuc industry + consumer infrastructure of Sewer and Water.

    Plays into the state sponsored infrastructure build out. Whole company would be a home run at these prices, just on the potential of the Nuc Valves.

    Plus - just got a noteworthy credit rating.

    On sale for a few more days only...

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    • I agree that the current price looks like an amazing LT value. That said, YE results come out in two weeks (March 24) and investors likely are nervous about the possibility of a restatement required by CVVT's new auditors. Who knows if there will be one and what it might look like? So I wouldn't be surprised if the stock drifts somewhat lower between now and March 24. You could look for a lower entry point. The safest approach would be to wait until results come out on the 24th and go from there. You might miss a nice bounce off the bottom. But if there were an ugly restatement you could miss a crash in the stock driven by crazed short sellers.

 
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