China BAK Battery (Nasdaq: CBAK)

China BAK Battery (CBAK) is another long-term investment of mine that I have written about previously. The PPS dipped after releasing its 4Q earnings on December 2nd and it is currently trading at $2.72.

CBAK traded as high as $12.50 back in 2006 and China is still a growing country that has yet to peak economically. This is from their web site:

"China BAK Battery, Inc. (Nasdaq: CBAK) is one of the largest manufacturers of lithium-based battery cells in the world, as measured by production output. It produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics, such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. Recently, China BAK was accepted into the approved vendor list of an international first-tier OEM notebook computer manufacturer. China BAK Battery, Inc.’s 3.0-million-square-foot facilities are located in Shenzhen and Tianjin, PRC, and have been recently expanded to produce new products."

Those new products include electric cars. I want in on that. Buy and hold CBAK.