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SUTOR, undervalued and profitable

|Includes: CPSL, PKX, Sutor Technology Group Limited (TOR)
-They seem to have a conservative business model (They don't produce unless they get 30% down payment, which they say reduce Account Receivables bad debts.)
-The are earning steady income
-They're in China
-averaged P/E over the last 3 years is at 3.1, Price to tangible book is at 0.45.
-Not a loss in the last 5 quarters.
-Current assets have been increasing over the last 2 years, and debt has gotten smaller.
-A Buy-out is very possible for this company.

Could be undervalued because of the recent hype over China's bubble bursting, but the business itself is running fine and management has a conservative salary. Plus it's a micro cap company, which could be the reason why it's overlooked by big firms.

Recommends a Strong Buy.

Disclosure: Long SUTR