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AutoChina International Limited (AUTC) [hlAlert]

Rating:
Mkt Outperform
AUTC
down 35.64 %

AutoChina International (AUTC) rated Mkt Outperform with price target $45 by Rodman & Renshaw

Posted on: Wednesday,  Apr 7, 2010  9:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform AutoChina International Limited (OTCBB: AUTC) on 04/07/2010, when the stock price was $32.63.
Since then, AutoChina International Limited has lost 35.64% as of 12/13/2011's recent price of $21.00.
If you would have followed this Rodman & Renshaw's recommendation on AUTC, you would have lost 35.64% of your investment in 615 days.

AutoChina International Limited (AutoChina) is a holding company whose business operations are conducted through its wholly owned subsidiary, AutoChina Group Inc. (ACG). The Company owns and operates commercial vehicle sales, servicing, leasing and support network. Through its 178 store network, each of which is company-owned and operated, it offers a one-stop shopping for commercial vehicles and related services. On April 9, 2009, the Company acquired all of the outstanding securities of ACG. On December 14, 2009, it sold its automotive dealership business. ACG provides commercial vehicle sales, servicing and leasing business and also provides sales-type leasing services for customers to acquire commercial vehicles in China. ACG?s commercial vehicle sales, servicing and leasing business is mainly operated by the Auto Kaiyuan Companies, which consists primarily of three companies: Kaiyuan Logistics, Kaiyuan Auto Trade and Hebei Xuhua Trading.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/7/2010 9:25 AM Buy
None
32.63 45.00
as of 12/31/2010
1 Week up  4.94 %
1 Month up  5.28 %
3 Months up  7.73 %
1 YTD up  1.70 %

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