Posted
May 15 2008, 09:48 PM
by
Dave Dispennette
Growth Stocks
FSYS @ $25.26 (Fuel Systems Solutions) produces alternative fuel components used in engines for the industrial, transportation and power generation industries. Revenues have accelerated 15%, 18%, 53% and 73% during the last four quarters. Earnings are expected to grow 34% this year and another 16% next year, but we feel estimates may be low. We are establishing half a position here and will add the second half of position on a pull back to $22.
Foreign Stocks
GSI @ $11.90 (General Steel Holdings) is a Chinese manufacturer of hot-rolled carbon and silicon steel sheets for distributors, service centers and manufacturers. Revenues have increased 82%, 312%, 635% and 531% during the last four quarters. Earnings have increased 100%, 500%, 999% and 750% during the same time frame and are expected to grow 86% this year and another 25% in 2009 to $1.16 a share. GSI came public in October and appears ready to emerge from its first base. We are establishing half a position here and will enter the remaining half on a pull back to the $9.75 level, which could as soon as tomorrow. We saw a few trades in the after market around $9.75, but haven't found an explanation for it.
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