Gene Marcial's Inside Wall Street Column Takes A Bet On China Direct (CDS)
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In Gene Marcial's Inside Wall Street column in BusinessWeek, he made a magnesium bet with China Direct (Nasdaq: CDS). China Direct controls eight Chinese companies, including four that process magnesium, used in metallurgy and manufacturing. In fact, China produces 80% of the world's magnesium and China Direct's share is 15% of that output.
China Direct President Marc Siegel says, "It's one of the fastest-growing companies in the U.S." Earnings jumped from $169,000 in 2006 on sales of $14 million to an estimated profit of $26 million in 2008 on $320 million."
Otis Bradley of Gilford Securities rates the stock a Buy. Global Hunter Securities' Ping Luo says magnesium will drive growth for Direct (a client) and sees the stock at 13 in a year, close to a double.
China Direct, Inc. is a management and advisory services organization, which owns and consults business entities operating in the People’s Republic of China.
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China Direct President Marc Siegel says, "It's one of the fastest-growing companies in the U.S." Earnings jumped from $169,000 in 2006 on sales of $14 million to an estimated profit of $26 million in 2008 on $320 million."
Otis Bradley of Gilford Securities rates the stock a Buy. Global Hunter Securities' Ping Luo says magnesium will drive growth for Direct (a client) and sees the stock at 13 in a year, close to a double.
China Direct, Inc. is a management and advisory services organization, which owns and consults business entities operating in the People’s Republic of China.
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