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Halliburton Company Message Board

  • nedtrmb nedtrmb Feb 19, 2010 1:29 PM Flag

    What the HAL is up with this company?

    HAL is doing well but Check out this low P/E (= 4.63) China rocket stock with tremendous potential. China Infrastructure Construction Corp. (CHNC) is a major U.S. listed provider of ready-mix concrete in China, with four existing production facilities in the Beijing and Tangshan regions, and a new plant in Xi’an - one of the most important cities in Western China according to a recent BOA/Merrill Lynch report. This is a massive potential market: the nation of China generates fully half of all new building construction worldwide. Furthermore, new regulations issued last year prohibit the use of on-site concrete, increasing demand for CHNC’s pre-mixed products. Earnings for the year ending in May are expected to be $14 million, or over $1.21/share excluding one-time non-cash charges. On January 1, CHNC traded at $4.65 and rocketed to a high of $7.50 before settling back. With a small float and less than 12m share outstanding, the stock is expected to appreciate quickly. The Green Baron just issued a report on the stock, which should ignite the fire again. Last November they issued a report on another China stock, WEMU, which jumped from $4.70 to a high of over $7. Could be a terrific ground-floor opportunity.

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