Few investors are aware of this gem.
At the begining of 2008 was trading at 25 P/E
Now trading at 5 P/E.
A contract with China Mobile that might be followed by other provinces.
"In particular, we are honored to be selected to construct the first nationwide GIS platform for the Ministry of Forestry. Not only does this contract serve to reinforce the reputation of our GIS capabilities, it also allows us to gain a foothold in a new industry sector."
Only 17000 shares traded and this is the first and only message today in this board
Certainly few investors are aware of this gem
I can tell you that myself am long term holder and still intend to hold for a few years, I see great potential for continued growth in this company, followed by an increase in analyst coverage, and new technology and projects coming out of this company. i got in around 4$ and i am very happy with the gains but there's much more to come especially since china is out of the recession, and hopefully sometime in the next quarters US will also be, which should pull the rest of the markets upwards.
See my other post under different subject from I believe last Thursday. Volume down Friday with minimal selling. It's set to go higher once other newbees understand how this stock trades. Still a lot of long-term holders as they understand future big earnings/growth. Buy and hold at least next 3-4 quarters as lots of analysts still need to join the party!!
Over half my shares have caught well over a double, but they are staying with me unless I find something better. As of now this is as about a sure thing out there China wise. I say that because I know this industry much better than other industries inside China.
I've had CPST on 1 of my 6 watch lists for a couple of months.
I've been buying banks, insurers and home builders.
They are starting to crap out.
Now I'm looking at China to put some bucks in. ...GLTA
qwerts - I think we may have to wait till PPS above 5 for another analyst to come onboard. I do like the volume since earnings - 20,000 - 40,000 great for this company. Only better times ahead for the Traffic.com-2.0 of China.