If you have noticed from my recent portfolio updated post, you will have noticed that I had taken a position in this company. Till date, given the poor global sentiments (again!), I have divested my entire stake in EVA, suffered a 30% loss as I was proven to be too overly-bullish on this counter. The reason for this post is then to explain why I found it attractive in the first place, the reasons why it became a failure subsequently and why I felt this can still prove to be attractive in the future.
The attractiveness (or so) of EVA Precision:
To begin with, EVA Precision Holdings is a vertically-integrated precision metal and plastic mould & component manufacturing service provider. In other words, they are focused on the entire vertical implementation of metal & plastic component parts – right from the start of mould construction till the latter stages ......