Lakeside Steel Inc V.LS

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[12oilguy34]

This is a sister steel company just getting noticed. Thought I would bring it to the attention of the board. 

EIL on the TSX Venture



EIL (Empire Industries) . This is so undervalued and under the radar that once word gets out you'll see this grow to a 5 folder as value long term investors take a position. Currently on their books the total asset valued rings in at $47 million with revenue generating $20 million in only 3 months which is about to skyrocket now that they are in a JV with a Chinese firm taking a slice of the infrastructure spending thats be pumped in by the trillions for the Asian booming economy. 

Heres a good indication of how undervalued that Empire really is, their market cap is only $6 mil and that is ridiculously below the value and potential of this company. They are putting together huge deals and are in the works in China while still building Western Canada which is a huge market on its own.

 Insiders have been loading up and simple math puts this at a book value of at least 35 cents a share.

 Empire current operations are positioned well to capitalize on commercial and institutional infrastructure capital spending from North America to China. Don't be surprised if a news release comes out near term ;)

The JV that was announced just a couple of months ago and will see huge upside growth. The joint

venture was with Guangdong Qiguang Steel Structures Co. Ltd. (“Qiguang”) of China was a brilliant move for Empire but Empire has put themself in the position of being bought out at a primium ;)

The joint venture will target three markets:

• the rapidly growing and largely under-served domestic Chinese market requiring

complex steel fabrication design/build services;

• fabricated steel sub-components made in China and exported to the Western Canadian

industrial market; and

• manufacturing of Empire’s engineered products in China for the Asian market, under

license, that Empire has been manufacturing for decades in North America.

“I am delighted to announce that a strategic alliance has been entered into between Empire and the

Qiguang Group from China.” said Guy Nelson, CEO and President of Empire. “We have been working

on two service contracts in China with the Qiguang Group over the past number of months and it became

apparent very quickly how compelling a strategic alliance between our two companies could be. I have

been convinced for some time, the recession notwithstanding, that if we could consummate this particular

Asian strategic alliance and recapitalize our company to execute the strategy, that there would be no

barriers to success that could not be overcome.”

Mr. Qiguang Qiu, CEO and owner of the Qiguang Group was quoted as saying, “This joint venture

combines Qiguang’s proven skills in marketing, fabrication and installation in the rapidly growing

Chinese market together with Empire’s experience, unique engineering expertise and proprietary

engineered products, to make a truly unbeatable combination.”

Market Cap	5.5M	Beta	$1.06
Revenue (FYR)	$109.3M	EPS (TTM)	$-0.21
Shares Out.	91.2M	Book Value	.26
Empire Industries Ltd does not pay a dividend.		P/E	--
		Price/Sales (FYR)	0.1
		P/Cash Flow (TTM)	0.4x