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China Gerui Advanced Materials Group Ltd. Message Board

  • harv_y harv_y Aug 28, 2013 8:48 AM Flag

    not much positive in quarterly report

    Only further re-establishment of Chop being in a good position, doing better than the competition, general improving prospects, and general improving China situation. Looks like we'll be able to get in cheap for awhile longer.

    Sentiment: Buy

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    • I am quite disapointed with the top line. The company should not have stated they still see revenue being 290 million for year 2013 during the May 2013 CC.

      Sentiment: Strong Buy

      • 1 Reply to frankray.9785
      • Frankie,

        From my post of August 16:

        "Right now, the best thing CHOP management can do is what they are doing: run the business in the best manner possible under the circumstances.

        Circumstances in China suck right now. So, the bet in CHOP is not CHOP per se, but a China bet.

        Know why you are invested and have realistic expectations."

        Things cannot improve at CHOP until one of the following conditions is met:
        1) Things improve in China; or
        2) Their International business picks up dramatically; or
        3) Their is some wonderful unexpected event which changes the company's normal outlook.

        Until one of those 3 happens, we are in a long-term situation with no expectation of a weekly or monthly change in the stock price.

        Things in China are not good right now.

        Sentiment: Buy

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