China Growth Stocks

[cleezdeez]

CHOP- anybody playing this name? If I recall correctly, the warrant overhang from the initial SPAC offering expires next month. CAPEX is up due to plant expansion and additional capability (chromium plating, higher margins), but should come down substantially going forward. I've personally met some large investors, including SPAC founder Harry Edelson, who are all very enthused with the company's prospects (what shareholder isn't though, right?)

Biz model looks sound (cost plus pricing mitigates supply chain inflation) and management appears competent. It's definitely a pure play on cold-rolled steel in China.

The shares have been a bore to watch, so I doubt many trade it, but any thoughts on the company? Long, short, neutral, I'm interested. TIA