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WONDER AUTO TECH INC (WATG) [hlAlert]

Rating:
Buy WATG
down 96.21 %

WONDER AUTO TECH INC (WATG) rated Buy with price target $15 by Jefferies & Co

Posted on: Monday,  Nov 23, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy WONDER AUTO TECH INC (OTCBB: WATG) on 11/23/2009, when the stock price was $11.90.
Since then, WONDER AUTO TECH INC has lost 96.22% as of 11/15/2012's recent price of $0.45.
If you would have followed this Jefferies & Co's recommendation on WATG, you would have lost 96.21% of your investment in 1088 days.

Wonder Auto Technology, Inc. (WATG) is a holding company, whose business operations are conducted, through its operating subsidiaries, Fuxin Huirui Mechanical Co., Ltd., Jinan Worldwide Auto Accessories Co., Ltd., Jinzhou Dongwoo Precision Co., Ltd., Jinzhou Wonder Auto Electrical Equipment Co., Ltd., Jinzhou Hanhua Electrical System Co., Ltd. and Jinzhou Wonder Motor Co., Ltd. It is engaged in designing, developing, manufacturing and selling automotive electrical parts, specifically alternators and starters, engine valves, tappets, rods and shafts in China. The Company?s products are mainly used in passenger cars and commercial vehicles and sold to original equipment manufacturers in China. In September 2009, the Company announced that its wholly owned subsidiary, Jinzhou Wanyou Mechanical Parts Co., Ltd, acquired Friend Birch Limited(Hong Kong) (Friend Birch), including its rods and shafts technology development center, technologies and patents and two wholly owned subsidiaries.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/23/2009 8:25 AM Buy
None
11.90 15.00
as of 12/31/2009
1 Week down  -38.75 %
1 Month down  -38.33 %
3 Months down  -38.23 %
1 YTD down  -38.23 %

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