China ACM is a dynamic, rapidly-growing concrete company in the world's largest nation and fastest developing major economy. The Company has a sound growth strategy, defensible technological advantages, deep industry and government relationships, and a seven year track record of success. Candidly, we believe significant upside to our estimates and price target exist, and given the relatively low risks inherent in China ACM's operations and industry, we rate the shares a Strong Buy, with a 12-month price target of $12.60 per share. We believe CADC shares represent an excellent investment opportunity for any and all investors who can tolerate the risks of investing in Chinese companies and who understand and can tolerate typical small-cap volatility. Overall, we believe CADC shares represent one of the best opportunities in our coverage universe.