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China Precision Steel, Inc. (CPSL) [hlAlert]

Rating:
Buy CPSL
down 99.59 %

China Precision Steel, Inc. (CPSL) rated Buy by Merriman Curhan Ford

Posted on: Tuesday,  Jul 15, 2008  8:25 AM ET by Merriman Curhan Ford

Merriman Curhan Ford rated Buy China Precision Steel, Inc. (OTCBB: CPSL) on 07/15/2008, when the stock price was $48.96.
Since then, China Precision Steel, Inc. has lost 99.59% as of 08/27/2015's recent price of $0.20.
If you would have followed this Merriman Curhan Ford's recommendation on CPSL, you would have lost 99.59% of your investment in 2599 days.

China Precision Steel, Inc. is a steel processing company principally engaged in the manufacture and sale of high precision cold-rolled steel products and in the provision of heat treatment and cutting of medium and high carbon hot-rolled steel strips. The Company conducts its operations principally in China through its wholly owned operating subsidiaries, Shanghai Chengtong Precision Strip Company Limited (Chengtong) and Shanghai Blessford Alloy Company Limited (Shanghai Blessford). The Company produces and sells precision ultra-thin and high strength cold-rolled steel products with thicknesses ranging from 7.5 millimeters to 0.03 millimeters. It also provides heat treatment and cutting and slitting of cold-rolled steel strips not exceeding 7.5 millimeters thickness. Its specialty precision products are mainly used in the manufacture of automobile parts and components, steel roofing, plane friction discs, appliances, food packaging materials and saw blades.

We occupy a unique niche among our investment banking peers: we offer our clients both traditional sell-side equity research and primary market research, and we focus on high-potential sectors such as CleanTech, Consumer/Internet/Media, Health Care and Tech/Telecom. Our institutional and corporate clients get the best of both worlds: expertise from our analysts and access to experts through our Panel Intelligence platform.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2008 8:25 AM Buy
None
48.96
as of 12/24/2008
1 Week down  -8.23 %
1 Month up  36.84 %
3 Months up  18.18 %
1 YTD up  24.80 %

(*) Stock Price at the time of the recommendation.
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