Newsletter Watch

Newsletter Watch: China BAK Battery

SMALLCAP MARKETPLACE
Steven Halpern | Jul 11, 2008 6:20am EDT
Rating: 4 out of 4 stars
It's one thing when an advisor reads research reports and financial documents from companies to determine their value as an investment; it’s another to actually take the time to visit the company and meet with key management. 



While this extra step is no guarantee that an investment pick will be successful, “face-to-face” analysis offers an additional value step in the research process.



Particularly impressive with the advisor featured in today’s column is that Tony Sagami often travels to China to meet with the companies that are featured in his Asia Stock Alert newsletter.

His latest recommendation, China BAK Battery (Nasdaq:CBAK), is a bit off the beaten path, requiring not only a trip to China, but also a multi-hour train ride and a four-hour drive through “the back roads of China.” Despite the time and effort, Sagami says, "It was absolutely worth it."



"In my search for 'the next great opportunity,' I have found a company that is helping to power the 'Doodad Revolution.’ " Rechargeable lithium ion battery maker China BAK Battery has a market cap of $215 million.
 


"The firm’s batteries are used for just about every portable electronic doodad you can think of — cell phones, laptop computers, MP3 music players, PDAs, digital cameras, camcorders and Bluetooth devices — as well as industrial applications such as power tools and miners hats,” Sagami says, pointing out that lithium ion batteries . . .

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