Market Watch: China America Holdings -- September 20, 2010
20 September 2010 - 11:33PM
Marketwired
Stock Market Alerts' performance stock list includes: China America
Holdings, Inc. (OTCBB: CAAH), GE (NYSE: GE), Ford Motor Company
(NYSE: F) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).
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Today, Toro Research initiated coverage of China America
Holdings Inc. The report stated: "Our recommendation is based on
the company's overall 2010 operational performance, which most
recently included revenues of $14 million for 3 month period ending
June 30, 2010, a significant 71.3% increase from the $8.2 million
recorded during the comparable period in 2009. Additionally, with
the company's fiscal 2010 coming to an end on September 30th, 2010,
the company has just reiterated its financial outlook for the year,
with revenues at its majority owned (56%) subsidiary expected to
exceed $50 million with net income of $1.5 million."
China America Holdings, Inc. is a holding company which owns a
56% stake in Shanghai Aohong Chemical Co., Ltd. based in Shanghai,
China. Shanghai Aohong Chemical Co., Ltd. is a distributor of
assorted liquid coolants which are utilized in a variety of
applications, primarily as refrigerants in air conditioning systems
for automobiles, residential and commercial air conditioning
systems, and a manufacturer of steel non-refillable cylinders.
To view the complete report, please visit:
http://tororesearch.com/reports/CAAH/CAAH_092010.pdf
For more information, and to sign up for our free e-mail alerts,
go to: www.ToroResearch.com
The stock closed today at over two cents a share.
GE (NYSE: GE) up 1.7% on 37.8 million shares traded. GE is a
diversified infrastructure, finance and media company taking on the
world's toughest challenges.
Ford Motor Company (NYSE: F) up 0.7% on 44.3 million shares
traded. Ford Motor Company, a global automotive industry leader
based in Dearborn, Mich., manufactures or distributes automobiles
across six continents.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 2.3% on
9.4 million shares traded. FCX is a leading international mining
company with headquarters in Phoenix, Arizona.
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