General Steel Holdings: Waiting to Profit From China’s Building Boom

Wall Street Cheat Sheet submits:

General Steel Holdings Inc (GSI) reported earnings of $0.11 per share for the first quarter of 2010 compared to earnings of $0.20 for the first quarter of 2009, on 43% higher revenues. The company posted a net loss of $5.5 million for 2010 compared to net income of $7.3 million for the same period a year ago.steel

According to GSI Chairman and Chief Executive Officer Henry Yu:

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