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down 90.42 %

GENERAL STEEL HLDGS (GSI) rated Buy with price target $14 by Maxim Group

Posted on: Wednesday,  Oct 1, 2008  10:25 AM ET by Maxim Group

Maxim Group rated Buy GENERAL STEEL HLDGS (NYSE: GSI) on 10/01/2008, when the stock price was $6.89. Since
then, GENERAL STEEL HLDGS has lost 90.42% as of 09/16/2015's recent price of $0.66.
If you would have followed this Maxim Group's recommendation on GSI, you would have lost 90.42% of your investment in 2541 days.

General Steel Holdings, Inc. (General Steel), through its wholly-owned subsidiary, General Steel Investment operates a portfolio of Chinese steel companies serving various industries. The Company has four production subsidiaries: Daqiuzhuang Metal, Baotou Steel-General Steel Special Steel Pipe Joint Venture Co., Ltd., (Baotou Steel Pipe Joint Venture), Shaanxi Longmen Iron and Steel Co., Ltd. (Longmen Joint Venture) and Maoming Hengda Steel Group Co., Ltd. The Company?s main products include rebar, hot-rolled carbon and silicon sheets and spiral-weld pipes. In June 2008, the Company acquired 99% of Maoming Hengda Steel Group, Ltd. (Hengda), a steel products processor located in Maoming city, Guangdong province in China's southern coastal region.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2008 10:25 AM Buy
6.89 14.00
as of 12/24/2008
1 Week up  3.82 %
1 Month up  45.74 %
3 Months up  17.25 %
1 YTD up  17.25 %

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