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Strategies & Market Trends : Befriend the Trend Trading

SPY 681.43

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Nov 10 4:00 PM EST

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From: Dr. Stoxx	10/11/2007 1:38:27 PM
	of 39683

Heads-up... General Steel - GSI: SeekingAlpha comment on GSI puts value on GSI of $57.... (13.03 +0.05) : "The only Chinese steel stock quoted in US markets other than GSI is China Precision Steel (CPSL). It recently issued earnings guidance of $14m net income for 2008. CPSL stock currently trades at $10.00 giving the company a market capitalisation of $348 million and puts it on a 2008 p/e of 25. When GSI concludes M&A #3, its EPS estimate for 2008 becomes $2.29. For reference, applying the same 25 p/e multiple to GSI equates to a stock price of $57"....

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