CNIT--Undervalued Chinese IT GIS/SMARTGRID infrastructure play
China Information Technology, Inc.
Profitable company trading at not much above book value. Great 2011 guidance. Won't last too long down here. Recently won $3 million contract.
"Financial Outlook
For fiscal year 2010, the Company reaffirms its guidance with projected revenue in the range of $141 million to $146 million and adjusted net income in the range of $35.5 million to $39.5 million. Additionally, with strong growth momentum and high visibility in its core business, the Company is issuing guidance for the full year 2011 with projected revenue in the range of $165 million to $172 million and adjusted net income in the range of $43 million to $45 million, excluding any non-cash expenses as a result of employee stock awards, amortization of intangible assets associated with acquisitions, and changes in fair value of contingent considerations."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.