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China Armco Metals, Inc. Common Message Board

  • bakka_mlld50 bakka_mlld50 Mar 8, 2010 6:18 PM Flag

    READ - CNAM 8-K Form

    For those who don't believe this company is worth the time in your portfolio, then leave. However, reviewing their 8-K form, the following statement from the company is proof POSITIVE, this is definitely the early stages of a rising firm with excellent management and resources (aka $$$$).

    Buy on on weakness whenever possible and HOLD.


    Our Outlook (8-K Form with SEC, page 40)

    Our performance for the three and nine months of 2009 showed increased sales but a lower gross margin in comparison to our second quarter of 2009 as our strong second quarter gross margin was mainly due to a one time sales transaction during that period. We have witnessed a rebound in our revenue which we believe is a sign of the beginning of a global economic recovery. We note consistent sales increases quarter-overquarter in the current year. Due to efforts to improve our performance and operate more efficiently, we now see our Company in the position to capitalize on trading opportunities as a global economic recovery emerges.

    In November 2008, the Chinese government announced a $586 billion domestic economic stimulus program aimed at bolstering domestic economic activity. The two-year program includes tax rebates, spending in housing, infrastructure, agriculture, health care and social welfare, and a tax deduction for capital spending by companies. We can attribute a portion of our increased sales to this stimulus program. The Chinese government has been very supportive and a series of economically beneficial policies have recently been implemented. Based on these newly implemented policies we are beginning to see some signs of economic recovery.

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