Why we bought AUTC

AutoChina International takes leasing vehicles to a new level

By Wall Street Media on MSN Money Apr 6, 2010 6:46PM

Written by Douglas Estadt:

AutoChina International Ltd (AUTC) is involved in leasing commercial vehicles and providing after-sales support, road-side assistance, and value-added services. Check out some other reasons why we bought this stock:

 

  • Great opportunity to sell the "picks, axes and blue jeans" to Chinese entrepreneurs.

 

  • They lease the trucks that build the foundation for Chinese businesses and allow them to function properly (i.e. picks and axes).

 

  • Have low P/E ratio and recently completed secondary offering of 2 million shares at $35.

 

  • High insider ownership- it was announced that there was a $500,000 recent share purchase made by CFO Jason Wang

 

To hear more about AUTC, view the video below.

 

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