China Armco Metals Inc. (CNAM)

[southacresdave]

The company has a long ways to go to truly rejuvenate interest in the stock long-term. It's not just starting from scratch, but from a negative perception (ex. there are a LOT of investors on iHub that cringe if you even mention the stock). But the last 3 pr's have been clear, concise, and positive (but not overly). We now have a benchmark (ie. we generally know what they were able to do in the 4th Q even with all the energy restrictions) and can gauge 1rst Q by it.

I still think the stock will be $8 by May's CC call for 1rst Q. Not because I drank some funky Kool-aid, but because in the last 10Q report they mention that they were building up scrap supplies for what they felt was an approaching price increase. They nailed that prediction. Hopefully they had a lot of scrap inventory lying around on their 32 acres (that had been purchased in Oct/Nov/early Dec) cause the profit margin (with shredded scrap going for over $500+/ton now) on that is probably 20%+.