Roanoke

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    • Tue Oct 16th 08:32 AM | Rating: 0 0
      Commented on:
      Chinese Stocks Just Getting Started? Two Opportunities
      I have been following CBAK for almost a year. I think as a long term investment CBAK will be very good. The company has close to 10,000 employees and room to grow. They are an OEM for A123 and are likely to be making the batteries for the new GM Volt as well as a healthy contract in the works with HP. However their last quarter was actually in the red www.bak.com.cn/. Q4 reports should be announced in the the first or second week of November. I sold my position at $9.10 with a 125% gain because of a nervous feeling that the PE was getting too high with all the excitement from volume 10 times above average. I'll get back in after the excitement goes away and a healthy forward PE.
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