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Fushi Copperweld, Inc. Message Board

  • aabdo aabdo Sep 10, 2009 4:10 PM Flag

    what is happeining?

    movement in price, any idea why ?

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    • No news until November 14th. short term doesnt matter. Long term the dollar will have to keep declining which will cause oil to keep going up along with the cost to China to import commodities. Also as the yuan appreciates vs the dollar it helps a company like this earning money in yuan and translating to dollars for reporting purposes. China will continue to have a huge growth rate because of simple math of approx 1 billion and its conservative balance sheet. Fushi will continue to reap the benefits of being the industry leader and keep grabbing market share. If inflation kicks up it will help fushi because they have pricing power and the largest % of their capacity buildout is done so they dont have to replace a lot of buildings or equipment at higher prices. They will pay off citadel within the next 2 years or so and be debt free. Hopefully they can grab their southern china competitor at a fire sale price right now. Also the chinese copper inventory bought during the crisis will be worked off and prices there will continue to improve as the global economy recovers. Everyone forgets that the US 4th qtr 2008 and 1st 09 was so bad that huge growth is almost assured just by simple arithmetic. A year from now fushi will earn more than $1.50 and be trading in the high teens to high 20s. fushi would have earned 1.40 last year on much less capacity until the 4th qtr collapse of copper prices. Its a good sign no one is posting here too. Im loading up as much as possible under 10.

 

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