CIIC is an Transportation/Infrastructure stock that I believe is about to have a breakout! CIIC is incorporated in the US (Nevada) and headquartered in the Henan Province of China. Their primary focus is on investing in, constructing, operating and managing infrastructure development projects in China.
We've all heard the buzz about Chinese economy being the future, and it's interesting to note that even in the terrible economic year of 2009, China's economy grew by 8.7% last year, leaving the U.S. in the dust. Development and infrastructure in China is still seeing strong growth in the first quarter of 2010, as the economy is recovering.
CIIC released their 2009 financial statement (last Friday) showing strong earnings each quarter. In fact, the company recently reported that their second quarter net income increased 526% over the previous year! It's hard to believe that CIIC is still unknown to many investors with numbers like these.
I believe we will see a strong and steady move with CIIC over the next week. The formula has identified CIIC's true value at $3.00 a share, and currently it's still trading under $2.00! Just a few months ago it was trading above $3.50, and the formula is showing that we've hit a bottom and are about to see a bounce that should take us back to the $3.00 mark over then next week. Don't miss this one!
