China Armco Metals, Inc.
(OTCBB:
CNAM)
Recent Price: $3.45
Investor's are urged to
research CNAM now, as news
could be released soon
Our coverage for CNAM
began in late 2009 when it was
only at a $1.00 level. This emerging company has
risen
to over $3.00 a share and could easily jump to new highs
as the China Armco Metal forges forward.
Be sure to
watch for further updates
China Armco Metals, Inc. (OTCBB: CNAM) is a U.S. company doing
business in China. The company is engaged in the sale and
distribution of metal ore and non-ferrous metals throughout the
PRC and is entering into the metal recycling business through
the construction of a facility on 22 acres of land capable of
processing one million metric tons of scrap metal on an annual
basis. This should make CNAM one of the top 10 largest recyclers
of scrap metal in China.
So What's So Special About CNAM And Why Should You Be
Excited?
Beyond the company’s upcoming recycling initiative, China Armco
Metals has been successfully engaged in the sale and
distribution of metal ore and non-ferrous metals throughout the
PRC over the past few years.
CNAM's increasing demand is driven by something that has been
largely beyond China's control – the country’s need for imported
raw materials, such as iron ore. Capitalizing on its excellent
sourcing ability, the company has been able to develop and
maintain a long list of global suppliers throughout India, Hong
Kong, Nigeria, Brazil, Turkey, the Philippines and Libya. It is
these critical business relationships together with strong
vendor management that allows China Armco to provide quality,
low cost products to its end customers throughout China, which
includes the fastest growing steel producing mills and foundries
in the country.
With the strong increases in revenue, management's enthusiasm
for 2010 and the company's entry into the extremely
large and lucrative scrap metal industry this may not be
at the $3 a share level for long. We wouldn't be at all
surprised to see CNAM
rocket to new highs and then explode upward as more and more
investors become aware of this fast growing company.
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