I believe CBAK is a solid long-term investment and that we could see CBAK back above $10 a share someday. Here's my post from December 6 about them. They reported a loss in their Q4 but I think that can be mostly attributed to the economic downturn China had. Consumer spending is going up, China's auto industry is young and growing and they will likely be building electric cars on a big scale. CBAK makes batteries for all kinds of consumer items.
Past articles:
12/2/09 - China BAK Battery Slips To Loss In Q4; Issues FY10 Revenue Outlook - Quick Facts
12/2/09 - China BAK Reports Fourth Quarter and Fiscal Year 2009 Financial Results
11/30/09 - Where to Profit From China’s Pops
10/1/09 - China BAK Battery: another speculative play
12/30/08 - China BAK Battery selected to receive government grants for R&D
10/6/08 - Is China BAK Battery More Attractive After Warren Buffett's Investment in BYD?
No comments:
Post a Comment