Otcstockexchange Featured Company: China Jiangsu Golden Horse Steel Ball Inc. (CJGH.PK) Rides Nicely to Profit Under the RadarWednesday, February 20th, 2008
When customers and consumers use their purchases they rarely think about all the individual parts of the product that make up the whole. Those individual parts, however, make up a significant market if they are the right parts. If you look a little closer at a product, you may find that investing in the little things can often lead to larger profits.
China Jiangsu Golden Horse Inc., a ball baring manufacturer, works to provide a variety of ball bearings to domestic and international markets. The company indicates that it has had a successful 2007 and has used its current position as a top 5 ball baring manufacturer domestically to expand plant and equipment. Expenditures appear to be in line with a consistent and predictable expansion strategy within domestic and international markets.
World demand for ball bearings has been a solid catalyst for the company. It manufactures a variety of ball bearings from ceramic to steel. Although income generation could not be characterized as overwhelming, it is solid and predictable as the company adds longer term contracts and increases production levels to meet current and future demand world-wide. Expenses have been in line with expansion plans with the only real exposure to income is the costs of raw materials. Generally, all indications are that the company is proceeding on a very well calculated and executed strategy designed to keep the company well positioned for long term growth within a fairly consistent and reliable global market.
Considering the global market for ball bearings, and Chinas’ position within the export market, the company should face little exposure to swings in international markets. The company exports to the USA, Brazil, India and Germany while keeping pace within China. The future also looks bright for the company as new contracts have been signed and a continuing expansion of new products are offered. All appearances point toward a solid future of stable growth for Golden Horse.
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