JST implements 2-for-1 forward stock-split
— Standing gain now above 70% 8 March 2010; market closed (The previous issue was broadcast on 3/5/10)
Preemptive Profit-Positioning: Jinpan International Ltd. (JST Nasdaq): $24.14 X $24.16 China-based Jinpan International (JST) is a leading designer, manufacturer, and distributor of cast resin transformers for high voltage distribution equipment. On 15 September 2009, I announced a preemptive buy-signal on JST at the $27.60 per share level. Jinpan International has now implemented its previously announced 2-for-1 forward stock-split, which means shareholders of record now have twice as many JST shares. There has been no change in the value of your JST holdings, in relation to the forward split, as the share-price has been slashed in half accordingly from approximately $48 to $24. As a result of the 2-for-1 forward split, we can now calculate our average entry price at $13.80 per share. JST is currently trading at the $24 range, which translates to an average standing gain of approximately 74%. We see Jinpan continuing its upward run in 2010 with its huge exposure to China’s surging industrial growth. JST is also well-positioned for revenue expansion in North America and other parts of the industrialized world as large companies seek to become greener. Jinpan’s transformers, by design, are much cleaner and less hazardous to the environment than oil-filled transformers, which is what the bulk of the competition currently uses. Maintain open JST positions for longer-term projected gains above $30 per share by the end of the third quarter 2010. There is no protective sell-stop in place on this trade. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. Information is obtained from sources believed to be reliable, but the information cannot be guaranteed as to its accuracy or completeness. The author is not, and does not purport to be, a registered investment adviser and does not accept compensation from publicly traded companies in return for his commentary. The objective of this newsletter is to present Situational Analysis and to provide progressive implementation of the author’s proprietary Situational Strategy Templates. No statement or expression of opinion, or any other matter herein, directly or indirectly, shall be construed as an offer to sell or the solicitation of an offer to buy the securities mentioned. Readers should not view this publication as offering personalized investment advice, and must individually determine the suitability of investments discussed for inclusion in their own portfolio. Past performance does not guarantee future results. Reprints or redistribution of this copyrighted material is allowed only by written permission from Nat-Con Publishing. To opt-out from receiving future publications, please click here. |
|||||||||||
 |
|
| HOME | ARCHIVE | DISCLAIMER | CONTACT |
|
| © 2010 © Nat-Con Publishing. All rights reserved. |