Tracking stocks that have indirect ties to China, so that we can still participate in China's growth without the quality issues related to the RTO space. These stocks should attain premium P/Es over time.
Think i will finally nibble at Techprecision (OTCCB:TPCS) here around $2.00. Growth will not pick up until the second half of its fiscal 2011 year, but willing to be patient here.
Techprecision (OTCCB:TPCS) (1.70) reports nice Q. http://www.prnewswire.com/news-releases/techprecision-corporation-reports-third-quarter-fiscal-year-2011-results-115750669.html
We are looking into the potential dilution from outstanding convertible preferred stock. We have been tracking this stock since $1.14 and may take a position in TPCS once we receive clarification on the details of the preferred stock. Stay tuned.