China got Wood!even better STeel

As our favorite commies to the east have decided to cut taxes for Chinese Steel companies.  this should lead to all sorts of funny business by the local steel companies.  Expect some of the little guys to get bought out..some consolidation..and some big gains by the end of the year.
Kunal buys $gsi 3.82 $sutr 3.20 both of these sitting on the bottom and dirt cheap
$sutr (copied from yahoo finance)
Sutor Technology Group Limited engages in the manufacture and sale of steel products primarily in the People?s Republic of China. It offers hot-dip galvanized steel, prepainted galvanized steel, acid pickled steel, and cold-rolled steel products. The company sells its products to customers who operate primarily in the solar energy, appliances, automobile, construction, infrastructure, medical equipment, and water resource industries. It also exports its products to Europe, the Middle East, South America, the United States, southeast Asia, and Hong Kong. The company is based in Changshu, the People?s Republic of China
Market Cap (intraday)5: 123.20M
Enterprise Value (13-Oct-09)3: 229.41M
Trailing P/E (ttm, intraday): 6.61
Forward P/E (fye 30-Jun-11) 1: 6.01
PEG Ratio (5 yr expected): 0.95
Price/Sales (ttm): 0.36
Price/Book (mrq): 0.81
Enterprise Value/Revenue (ttm)3: 0.67
Enterprise Value/EBITDA (ttm)3: 7.291
Income Statement
Revenue (ttm): 341.49M
Revenue Per Share (ttm): 8.997
Qtrly Revenue Growth (yoy): -12.40%
Gross Profit (ttm): 32.81M
EBITDA (ttm): 31.47M
Net Income Avl to Common (ttm): 18.63M
Diluted EPS (ttm): 0.491
General Steel Holdings Inc., through its subsidiaries, operates a portfolio of steel companies serving various industries primarily in the People?s Republic of China. The company manufactures hot-rolled carbon and silicon steel sheets for use in the production of tractors, agricultural vehicles, shipping containers, and in other specialty markets; spiral-weld steel pipes, which primarily serves customers in the oil, gas, and petrochemical markets; and integrated steel, pig iron, crude steel, reinforced bars, and high-speed wire for the construction industry and infrastructure. It sells its products primarily to distributors. The company was founded in 1988 and is based in Beijing, the People?s Republic of China.
Market Cap (intraday)5: 171.41M
Enterprise Value (13-Oct-09)3: 589.10M
Trailing P/E (ttm, intraday): N/A
Forward P/E (fye 31-Dec-10) 1: 6.72
PEG Ratio (5 yr expected): 13.57
Price/Sales (ttm): 0.12
Price/Book (mrq): 2.39
Enterprise Value/Revenue (ttm)3: 0.42
Income Statement
Revenue (ttm):
Revenue Per Share (ttm):
Qtrly Revenue Growth (yoy):
Gross Profit (ttm):
EBITDA (ttm):
Net Income Avl to Common (ttm):
Diluted EPS (ttm):
these companies are ghetto cheap but got no cash…but fuck its china who needs cash when you got Mao Zedongs disciples throwing around funny money!!!!!
Both these plays are in my longterm account. 6 months down the road both are doubles.



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