Tuesday, January 15, 2008

China Fire & Security (NASDAQ:CFSG): Added to Piper Jaffray Alpha List

- Piper Jaffray is adding China Fire & Security (NASDAQ:CFSG) to the Piper Jaffray Alpha List as they believe the shares are poised to move higher in the coming months.

Healthy backlog provides excellent earnings visibility entering FY08, with potential for upside to estimates.

PJ believes that new contract wins will provide a positive catalyst for the shares, following the implementation of new fire protection codes in the iron/steel industry in China.

Mounting concerns around the state of the U.S. economy is drawing more investor interest in companies with China exposure, yet valuations remain attractive relative to growth.

Reits Buy and $18 tgt.

Notablecalls: A lovely call by PJ Michael Cox that should drive the stock higher in the n-t.

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