Yes, as I look at this compared to a year ago, FSW really is moving in the right direction. Despite a growth in revenue over that period, it has made significant moves in better positioning itself for growth - ie: diversifying from the cell phone product market and signing solid contracts with big players. On the technical side, they have expanded their operational platform to allow for more growth and GSI will test this. FSW has not been stagnant and its management team seems to have a vision for expansion.
Despite small volumes, business circles seem to be taking more notice of it as was evidenced with articles correlating it with GSI. There is no question that North American entities want into the China market and FSW has clearly been identified as a portal to that end. With a market cap of only 7 million, it surely must look attractive for takeover, particularly given recent developments with partners/clients. I believe its day is coming.