Global-Tech Appliances Inc. (GAI) Enters Profit Era
Business results for the Most Recent Quarter indicate that this stock has come of age. It has earned net income of 2 cents a share compared to a loss for the same period last year. Sales have increased by 65%, which is most unusual for the Appliance & Tool Industry at this time. There are three reasons why investors can look forward to the encouraging results for the quarter developing into a steady trend. First, the company is based in Hong Kong, though its stock trades in the United States. The company has the geographical advantage of being at the…