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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (34761)	10/18/2009 1:28:26 PM
From: Crossy	Read Replies (1) \| Respond to of 37387

Ed, while I do like the industry very much (heat exchangers, etc.) I would advise caution into investing into Smartheat. It appears richly valued to me, Price/Sales around 6. Contrast this to the sector leader Alfa-Laval (ALFA.ST) traded in stockholm at a PRice&/Sales of around 1 and HVAC related US plays all at a discount to HEAT's valuation: MOD, LXU, AAON .. even the somewhat related Chart Industries, GTLS (cryo-process equipment and GTL engineering) so thanks for highlighting the niche, but Smartheat is a tad too late for a value player like me to jump in jmho CROSSY