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China Gerui Advanced Materials Group Ltd. (CHOP) [hlAlert]

Rating:
Buy CHOP
down 97.54 %

China Gerui Advanced Materials Group Ltd. (CHOP) rated Buy with price target $9 by Maxim Group

Posted on: Thursday,  Jul 1, 2010  9:25 AM ET by Maxim Group

Maxim Group rated Buy China Gerui Advanced Materials Group Ltd. (NASDAQ: CHOP) on 07/01/2010. Previously Maxim Group rated Buy China Gerui Advanced Materials Group Ltd.
(NASDAQ: CHOP) on 11/25/2009., when the stock price was $52.20. Since then, China Gerui Advanced Materials Group Ltd. has lost 97.55% as of 08/27/2015's recent price of $1.28.
If you would have followed the previous Maxim Group's recommendation on CHOP, you would have lost 97.54% of your investment in 2101 days.

China Gerui Advanced Materials Group Limited engages in the manufacture and sale of cold-rolled narrow strip steel products in the People's Republic of China. The company converts steel manufactured by third parties into thin steel sheets and strips. It sells its products directly to its customers in a range of industries, including food packaging, telecommunication, electrical appliance, and construction materials industries. The company was formerly known as Golden Green Enterprises Limited and changed its name to China Gerui Advanced Materials Group Limited in December 2009. China Gerui Advanced Materials Group Limited is based in Zhengzhou, China.

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
7/1/2010 9:25 AM Buy
None
51.80 90.00
as of 12/31/2010
1 Week down  -0.51 %
1 Month up  4.83 %
3 Months up  2.45 %
1 YTD up  4.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/25/2009 8:25 AM Buy
None
52.20 100.00

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