CSR has been punished in the recent market downturn, but they continue to win contracts and raise projections. The Chinese government has their back in an effort to consolidate the domestic security and surveillance industry, which should be a tremendous market opportunity consdiring the size and scope of the country (as well as the Chinese penchant for watching over its citizens shoulders). Citadel has provided funding via convertible debt instruments that enable the fund to maintain careful oversight over the M&A strategy.
This is a long term play, and the current market downturn is an ideal opportunity to buy in at a discount.
$18.84 (01/15/08)
