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China Automotive Systems Inc. Message Board

  • bobpaulovich bobpaulovich Nov 13, 2013 9:29 AM Flag

    Sales of $90.9 (mill.), were below Value Line estimate of $94.9 (mill.)

    Like a fool, I own way too much of this stock, at around an average cost of $5.35 per share. However, sales were still up 24%. The short fall could be related to the mechanical steering pump business they sold off last year, which is considered low tech, which is gradually being replaced by higher margin Electronic Power Steering, by the car manufacturers.

    Everything else here, earnings,margins and forecast, all look great.

    Whats also important is that margins going forward should continue to grow, as more customers require Electric power steering. Furthermore, any slight gain in margins will boost earnings per share in a very big way.

    Today, anyone who bet against CAAS will try to manipulate the share price lower.

    CAAS remains a long term buy. This global automotive play is now on the radar screen for money managers looking for substantial short and long term growth potential.

    Don't sell, and the traders will fade.

    Sentiment: Strong Buy

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9.99-0.45(-4.31%)Sep 19 4:00 PMEDT

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