Merriman Curhan Ford Initiates Coverage on General Steel Holdings (GSI) with a Buy; Current Valuation Likely Limits N/T Downside Risk
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Merriman Curhan Ford initiates coverage on General Steel Holdings (NYSE: GSI) with a Buy.
Merriman analyst says, "General Steel Holdings is pursuing a consolidation strategy in the highly fragmented Chinese steel industry with a goal of building a company diversified across products and geographies within China. The company prefers to follow the joint venture route looking for proven management teams with strong products and local relationships that might need additional capital to expand or increase efficiencies. General Steel is seen as an attractive partner within China both for its respected CEO and its access to U.S. capital markets."
To see more analyst ratings on GSI Click Here.
General Steel Holdings Inc., through its subsidiaries, operates a portfolio of steel companies serving various industries primarily in the Peoples Republic of China.
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