JST. Jumping up my position now.
It should (maybe) be a beneficiary of Chinese and USA infrastructure build up (improving the electric grid).
jstusa.net
Profitable every year in past ten; profit margins and roe seem to be increasing. Debt/equity about .2 (per Yahoo).
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si.advfn.com^JST
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JST by the numbers, was my best Graham stock find of 2003: profitable, a net-net!, sales growth, and they paid a dividend. OTOH (There always seems to be an OTOH), a dinky Chinese company with stock so thinly traded -- few shares and wide bid/ask -- it was really too difficult for me to acquire any but a few (few even by my standard) shares.
Stock now may be a gaarp stock or maybe a growth stock (revenue +40% first 9 mo. of '08) to some people - I still view it as a value stock. With some of the same issues - bid/ask is wide, shares traded can be few, and it's still a dinky company.
From 11/14 p.r: "The Company reiterates its 2008 outlook of sales of approximately $155 million, which represents a 30% increase over 2007 sales of $119.6 million. The Company is modifying its 2008 net income estimates from approximately $21.4 million, or $2.64 per diluted share, to a range of $20.0-$20.5 million, or $2.45-$2.52 per diluted share in order to account for increased taxes due from the Company's U.S. operations, which are expected to represent a higher percentage of total overall revenue in 2008 than originally anticipated. These forecasts include the sales contributions from the Wuhan manufacturing facility which opened in June, 2008."
If it can do $2.45 on about a $12.7/sh stated book value, and if it can sustain those profits from customer demand for its products, I figure the stock (now $13.74) might be worth and might trade (again)over $20 within a couple years.
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