Lihua International [Part 1]: Look Past Roots To Find Deep ValueRupert Hargreaves
This is part one of a three part series on Lihua International Inc (NASDAQ:LIWA).
Lihua International Inc (NASDAQ:LIWA), according to the company's own description of its operations; produces copper replacement products for the wire and copper replacement product markets within China. Effectively this means that the company recycles old copper products, cleaning and then refining the scrap metal for sales. Lihua produces two main products from recycled copper: copper anode and copper wire. At present the company has a market capitalization of $164 million and an average daily volume of 134,000 shares.