China stocks

[DOGS THAT BARK]

Will sell 1/2 stake in Cheung Kong Infrastructure Holdings Ltd (CKISF.PK) in morning
It reached all time high at close today-$4.25 (bought at $2.12) and will follow the recoup intial investment and keep the rest. This stock moves only bout 2 or 3 times a month.

Had scare this morning as HIMX showed it dropped from $5 a share to 10 cents (yep .10 a share) in overnight trading. Looked all over and could find no reason--earnings were just out last week and looked good-no news either
Thought it had to be error but when market open it was down way over 50% but came back gradually all day and closed down just 37 cents. Am assuming it was error but short circuited everyone until they discovered it was error--thats what I'm hoping anyway--if I had the balls would have bought more of it on drop but truth be- I was too :scared myself.

 

[selkirk]

thought the markets responded well, was prepared (or expecting) a 300 point drop.

always have to carefull about buying a stock that has fallen sharply... also is a rule.

there is an example of a stock that was once 70 and now $4-$5.
many stocks came back and that is a good sign going forward.

thanks
selkirk

 

[DOGS THAT BARK]

thought the markets responded well, was prepared (or expecting) a 300 point drop.

always have to carefull about buying a stock that has fallen sharply... also is a rule.

there is an example of a stock that was once 70 and now $4-$5.
many stocks came back and that is a good sign going forward.

thanks
selkirk

Make that -Golden Rule, Kirk --only time I thought about the buying more aspect is after it recovered.

See today it is also down bout .30 in pre trading while most other China stocks are up.
I've looked at China and Hong Kong resources and can't find out whats up--zilch
--as said before there #'s looked very good last week--
http://biz.yahoo.com/ap/080214/earns_himax_technologies.html?.v=1

wonder if they found some accounting flaws after the fact.

 

[DOGS THAT BARK]

Your assistance on this one Kirk--

This is one stock that has dropped below buying price in recent selloffs--but continues to be one of my favs--I am considering buying a pretty decent chunk and would like you to talk me out of it on the don't buy dropping stock angle

Don't want you to waste your time on in debt research but here are basics and Edgars recent report--can you see anything remotelynegative here that I am missing. Thanks-

Key stats
http://finance.yahoo.com/q/ks?s=AOB
Edgars recent statement (last week)
http://finance.yahoo.com/q/is?s=aob

 

[selkirk]

a quick look at AOB had them making .20 a share in the 4th quarter, reported early march. expectations are for a .12 a share profit in the 1 quarter, which should be the slowest.

projections are for a profit of .60 a share in 2008 and .75-.80 in 2009.

AOB is going to be taking over other companies, they bought out two CCXA, Boke, which contributed to 4 th quarter. this will continue, and is in their model going forward. there is excution risk, you have to believe management can buy these smaller companies at a good price and merge into the company, save on costs.

on a technical viewpoint most of the trends are bearish (a long list), however did find a few that are improving.... 20 day, 150 day still bearish.

another concern might be raising funds, if they want to make larger acquisitions. another concern is the high short position.....

still looks like a good company, though there are risks; DTB if you want to buy more that is fine, if you think there is value.

however make sure that it is still a small amount of your overall portfolio and do not buy any more after this purchase..... (though it does look good and is rated a buy, overall, (not techinal though) make sure you are not chasing.

here are the rules in this case
3. Dont trust your own opinion and back your judgement until the action of the market itself confirms your opion.
4. Markets are never wrong; opinions often are.
10. never buy a stock because it has had a big decline from its previous high
12. never average losses

there are quite a few rules that apply. the stock was up today .27 to 7.75 which is a good sign, of coarse it was a strong day.

$7.94 is short term resistance, and 7.42 for the low.

AOB seem good by the fundamentals, so if you want to buy more, just make sure this is you last purchase and you do not chase the stock, until it makes new highs......


by the way I own YTEC $17.65 do you know anything about it. it was brought up by two fund managers, earnings around .60-.80 this year and .90/1.12. hopefully.

should point out that only did limited research and the position is small, a flyer. might lose 40%, :shrug: time will tell.

thanks
selkirk

 

[selkirk]

should note there is another company I am following however have not take a position in it, since have heard about it, down 20%, so will wait until it recovers to the price before buying...or consider buying.

thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk--been gone for 5 days on golf trip.
Quite interesting and pointed analysis--believe I will just keep what I got for time being--your continued reminders in basic dicipline is much appreciated-and needed

Have stack of paperwork to catch up on--but will check what I can find on YTEC at 1st opportunity.
________________________________
Is interesting stock Kirk--over 1/3 of stock held by institutions which is quite unusual for small cap China stock--
Top Fund Owners
Janus Venture-Putnam Asset Allocation: Growth A
Putnam Asset Allocation-Royce Heritage Service
The USX China C -Royce Select II Inv

forward PE 1/2 of trailing--will not get into the #'s as you know them better than I but here are couple links that may be of interest--
expanded profile-

http://www.cnanalyst.com/ytec.html
noticed in profile one of their customers is -
The Agricultural Bank of China Head Office.
Sister in Law works as supervisor there--will see if I can find out from her-

Company Website-english
http://www.yuchengtech.com/english/front/index4.jsp

Can find several links to company info from this source-
http://chinabizfocus.com/modules/InvestChina/stockquote.php

 

[DOGS THAT BARK]

assistance please Kirk

Have company that is going to be bought and wonder what your thoughts are.I'm leaning to selling it. Company buying it is mystery--with bizarre stats
bought stock @ 6 a share when I got back from China in Dec.

Here is link out this morning on Company buying it --symbol is HEK

http://biz.yahoo.com/bw/080520/20080520005830.html?.v=1

 

[selkirk]

The buying company just appears to be a shell. Mind you a shell that has been able to raise a good deal of money in less than one year, and seems it can easily (and plans to) tap the equity markets for more money.

if I have a good gain on a stock and it is looking at a merger buyout ussually at some point take some or all of it off the table. there is a great many mergers that have not worked out that looked good/average at the time...ie. Merc/Chrysler, Sprint/Nextel, good list many more.

in this case HEK seems it want to get into the water business and this purchase is a good start. not clear on is the management of China Water going to stay on (sound like it) and then they will operate the company and HEK will provide the funds for the company.

this sound like a great business, as water, and bottled water (and the other varieties) will be a growth area, much like it is in North America, and Europe. my biggest question is what is Pepsi and Coke doing in China. at some point you would think they push their bottled water. you would probably know more about this than me, however these large companies will want to capture some of this market.

in most of these cases ussually take a gain, all or half of the position. then I watch, if the stock continues to perform well, good earnings, stock is acting well. increase my position.
to me it sounds like China Water just changes it names and has HEK bankroll to buy more brands. if managment executes could be a good play.

not many shell companies in North America can raise close to 1 billion (counting warrants).

thanks
selkirk

 

[selkirk]

probably HEK which will be listed on New York will issue much more stock and debt, and will try to quickly become a 3-5 billion market cap company focussed on water.

should also note no longer own YTEC, was going to start a thread how to lose 17.4% on int. stocks. actually had a small gain and set a stop that would have meant a 10% loss, they reported earnings. and down it went. have not had time to go over this disaster (a small position) however when a company reports and fall apart....well it is still weak, so would only look again if it regains.

DTB congrats on picking so many winners that is not easy in an emerging market....of coarse I just proved that.....
at least my two brazil banking plays did okay....and go energy, the one sector that just keeps working.

thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk Appreciate your research. Gives me much cleare picture on company purchasing.

This water stock has been an interesting one. I visted plant in Nanning China in Dec. Not unusual for this stock to bounce $1 or $2 in a day despite low price (chart below). Was as high as 18.00 and was going to sell some when it dropped to $16 but let got pissed when I found what between bid and actual and emotion get in way of sound judgement

Will hang on to for a while as will be able to put stop loss on it once takeover is complete.

What a bout these bounce on for a low volumn stock--would be day traders dream if enough volumn to get in and out.

PRICES

Date Open High Low Close Volume Adj Close*
18-Apr-08 9.50 9.50 8.50 9.25 5,500 9.25
17-Apr-08 10.45 10.45 6.75 9.00 100,000 9.00
16-Apr-08 10.50 10.50 9.64 10.45 3,400 10.45
15-Apr-08 8.55 10.50 8.55 10.50 12,900 10.50
14-Apr-08 9.98 9.98 9.97 9.97 500 9.97
11-Apr-08 9.98 9.98 9.98 9.98 4,000 9.98
10-Apr-08 9.00 9.99 9.00 9.98 4,100 9.98
9-Apr-08 10.00 10.00 9.99 9.99 500 9.99
8-Apr-08 9.00 9.90 9.00 9.90 800 9.90
7-Apr-08 8.55 10.00 8.55 10.00 8,800 10.00
4-Apr-08 9.50 9.70 8.80 9.25 6,000 9.25
3-Apr-08 8.49 10.01 8.00 8.10 14,800 8.10
2-Apr-08 8.02 8.02 6.75 7.00 39,000 7.00
1-Apr-08 12.25 12.25 6.64 8.00 31,600 8.00
31-Mar-08 11.25 13.00 11.25 12.25 9,200 12.25
28-Mar-08 11.50 12.00 10.00 10.75 5,400 10.75
27-Mar-08 11.50 11.50 11.50 11.50 200 11.50
26-Mar-08 11.49 11.49 11.00 11.00 1,200 11.00
25-Mar-08 8.05 11.50 8.02 11.50 4,200 11.50
24-Mar-08 9.50 11.00 8.00 9.99 11,000 9.99
20-Mar-08 11.50 11.50 9.11 11.00 17,400 11.00
19-Mar-08 12.51 13.00 11.50 11.50 13,500 11.50
18-Mar-08 11.50 14.50 11.50 14.50 3,500 14.50
17-Mar-08 13.10 14.50 13.10 14.50 3,500 14.50
14-Mar-08 15.00 15.00 15.00 15.00 100 15.00

++++++++++++++++++++++++++
more out on subject this morning-
This doesn't look inviting but I'm not the very sharp on interpreting these at times.

http://biz.yahoo.com/e/080522/cwdke.ob10-q.html

Recent Developments

On May 19, 2008, we entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Heckmann Corporation, a Delaware corporation ("Parent") and Heckmann Acquisition II Corp., a Delaware corporation and Parent's wholly-owned subsidiary ("Acquisition Sub"). Pursuant to the terms of the Merger Agreement, we will be merged with and into Acquisition Sub (the "Merger"). At the date and time the Merger becomes effective (the "Effective Time"), each share of the Company's common stock ("Company Common Stock") will be converted into the right to receive (i) 0.8 shares of common stock, par value $0.01 per share of Parent ("Parent Common Stock"), as such fraction may be adjusted in accordance with the Merger Agreement (the "Exchange Ratio"), and/or
(ii) at the election of the holders of Company Common Stock, an amount in cash equal to US$5.00 per share of Company Common Stock. The Merger is intended to qualify as a tax-free reorganization under Section 368(a) of the Internal Revenue Code of 1986, as amended. See the Company's Current Report on Form 8-K filed on May 20, 2008 for additional information on the Merger and a copy of the Merger Agreement and other agreements related to the Merger.
+++++++++++++++++++++
news getting worse by the minute

Going Global With China Water
Melinda Peer, 05.21.08, 9:15 PM ET

Heckmann Corp.

Getting into the bottled water business in China seems like a good deal. According to the World Bank, 90.0% of municpal groundwater there is polluted.

It seemed like an excellent deal for a blank-check company called Heckmann, which this week bottled up China Water & Drinks for what it estimated at $625.0 million in cash and stock. But independent shareholders of the Hong Kong-based bottling and distribution concern evidently thought Heckmann was getting too good of a deal.

After Heckmann (amex: HEK - news - people ) announced its acquisition plan on Tuesday, its shares added 4.2%, while China Water & Drinks (other-otc: CWDK - news - people ) slid 12.8%, a clear sign that investors thought Heckmann was getting the better end of the bargain. On Wednesday, Heckmann edged up an additional 1.1%, or 9 cents, to $7.87, while China Water recouped some of its loss, gaining 50 cents, or 5.9%, to $9.00.
+++++++++++++++++++++++++++++++++
Might have fck up but this is what i did-- they said they were anticipating swaping 1 share of china water for .8 share of hek I put sell order before market market opened @ market price. On one account sold all --thought I'd play with shares in other and bought hek with proceeds

05/22/08 Order Executed xxxxxxxx Ameriprise Brokerage Services
Your order to sell 500 of CWDKE has been executed at $8.3000. Reference Number xxxxxx

05/22/08 Order Executed XXXXX Ameriprise Brokerage Services
Your order to buy 500 of HEK has been executed at $7.91. Reference Number XXXXXX

Note price of CWDKE was 9 before but bid was only 8.30
bright side is I got better than even swap instead of anticipated .8 return.

Prices at close today were
CWDKE 7.50
HEK 8.27

--so maybe I beat the crowd on this one.

 

[DOGS THAT BARK]

Kirk--a little assistance when time permits.
Was fortunate to escape trap above by a few hours and not sure how this new technique could play out on other adr's.

You have any thoughts on matter below--and do you think there could be pattern of more of these "blank check" companies buying more adr's and giving shareholders less than market value for their shares.

Chinese companies hope SPACs lead to U.S. listings
Fri May 30, 2008 6:58pm EDT

NEW YORK, May 30 (Reuters) - Goldman Sachs' (GS.N: Quote, Profile, Research) failure to launch a "blank-check" company this week doesn't mean they are all out of favor.

The cold shoulder that Goldman's Liberty Lane got from hedge funds and other investors this week is seen as a blow to the concept of selling shares in a company before it has bought any businesses.

But special purpose acquisition companies (SPACs) focusing on China are a different story.

Only last week, Heckmann Corp (HEK.N: Quote, Profile, Research) became the first SPAC to list on the New York Stock Exchange (NYX.N: Quote, Profile, Research), moving over from the American Stock Exchange, and may be blazing a trail for other companies planning on buying assets in China.

Heckmann said it would use about $170 million of the money it raised during its initial public offering in November to buy a Chinese bottled water company for $625 million, paying the rest in common stock to the Chinese company's shareholders.

Heckmann shares have risen 19 percent since going public.

Developments in China and the United States are helping Heckmann and other companies focusing on China.

Chinese companies are finding it more and more difficult to list on the domestic exchanges amid tightening regulations, even as listing-hungry U.S. exchanges begin to embrace SPACs.

"It's a way for Chinese companies to get a listing," said Dennis Galgano, a managing director with investment bank Morgan Joseph, of Chinese companies' interest in being purchased by U.S.-based SPACs.

Morgan Joseph estimates that of the 65 SPACs seeking acquisitions, 14 are targeting Chinese companies and have raised a total of $1 billion.

For instance, ChinaGrowth North Acquisition Corp (CGNYF.OB: Quote, Profile, Research) announced on Tuesday it is buying China's third-largest insurance broker for up to $164 million in a reverse merger, if it meets certain performance requirements. The combined company is expected to file to switch over to list on Nasdaq (NDAQ.O: Quote, Profile, Research), pending shareholder approval of the acquisition.

Part of the draw of a U.S. listing for Chinese companies is how difficult it is becoming to list at home.

Galgano believes Chinese exchanges can only handle between 150 and 200 IPOs per year because of the country's nascent commercial and regulatory infrastructure, though as many as 1,500 companies may want to.

Chinese media reported on Thursday that Chinese regulators were tightening listing rules, requiring that companies having received a major asset injection wait one year before going public. A company would also be barred from going public if it has changed its core business in the past three years.

SOME WARY BUT U.S. EXCHANGES RECEPTIVE

For all the enthusiasm for China, there are no guarantees these SPACs will lead to successful IPOs, said Scott Sweet, of IPO Boutique, a Florida-based advisory service.

"SPACs have saturated the market, whether Chinese or U.S.-based," said Sweet. "So one would look at Chinese SPACs with even more fear and scrutiny."

Investors should be wary of Chinese companies because of questions around the reliability of their accounting figures and the challenge of monitoring them, he added.

And, if Goldman Sachs can't get its first SPAC to stand, that bodes very poorly for the market, Sweet said.

But major exchanges, struggling to woo new listings in a slow IPO market, are embracing SPACs after long being skeptical.

"The quality of sponsors and underwriters has gotten better," said NYSE Euronext's Robin Weiss, who is responsible for recruiting IPOs. "They are a vehicle of sufficient quality."

The New York Stock Exchange began considering listing SPACs back in 2006 and has developed specific standards for SPACs.

For instance, NYSE requires SPACs to have market capitalization of at least $250 million and have shares priced at at least $4 at the time of initial listing.

NYSE Euronext, the parent company of the New York Stock Exchange, is expected by year end to close its purchase of the American Stock Exchange, which lists 75 SPACs, including four that own a Chinese company.

The NYSE, which currently lists 54 companies from greater China, including Hong Kong, and is reportedly mulling its own listing on the Shanghai Stock Exchange, is open to other SPACs. "There is a pipeline" said Weiss. (Editing by Tim Dobbyn)




? Thomson Reuters 2008 All rights reserved

 

[selkirk]

DTB saw an interview about a person who is in the energy (clean ) sector. solar, led lighting, ect. he went to China for four weeks....he met dozens and dozens of very interesting companies.

there are some great solar companies with interesting technology, he also met a company that was winning large contracts to install LED street lighting...and the business was expanding quickly.

none of these companies were public (listed on an exchange.) and most will stay private, there are a few reasons...
1. they can get large amount of money without going public.
2. there businesses are growing at a min. 15% per year, and most were profitable in year 1.
3. they only seek funds to complete a large project (ie. led lighting company) however once that is in place they are set for 1-2 years....also when the jobs are complete they have generated enough capital.

in North America and western Europe it is slightly different, you have to get big quickly and have size. also hard for any start up no matter the technology to win large contracts.

not often do they refer to a city of 30 million as small.

so believe there will be less companies going public simply because they are profitable in year one, and they can get funds without issuing shares. in 3 years some of these clean companies will be generating hundreds of millions/billions in revenue... and highly profitable.

these shell companies come and go in waves, and for the most part most of the ones refered to in the article will be poor investments.

now HEK may be different because they already have one large purchase and now just need to get even bigger and then keep telling the story...

however these companies face problems...

1. these SPACs need to generate capital and often on an ongoing basis...this is fine when there is a bull market and rates are low....however this can change quickly.

2. now they are cashed up and if they are smart they will issue all the stock they can get, since once the tap turns off they are screwed see one....they then have to find a company to buy.

3. often they will have a collection of companies that do not fit well together, however can be marketed. for instance maybe different companies but from the same country...one that is booming....and people are willing to pay for...

4. if they can build their market cap then they can get larger pension, hedge investors interested....HEK only works if they grow quickly...

believe some companies will be sold for less just depends on the market, the only way spacs will work is if they can buy a collection of companies at discount or fair market value, and then through size, (larger market cap) get a premium for the company.

there is probably enough private funds that most companies will never go public at least until most of the growth is over. sort of the opposite of a western NA. or europe model....

by the way noticed that some companies list in different countries that are tied to China...for instant on Toronto and also on venture (small cap cdn. ) there are companies that grow trees in China (for paper and lumber), probably in the future smaller China companies in resource that go public will choose Aust. Canada, and in other fields US, and Europe.

thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk-appreciate it

been a while but added one to the nest at the bell this morning.

WSP Holdings Ltd. (WH)

China Company was added to NYSE a few months ago.

WSP Holdings Limited, through its subsidiaries, engages in the design, manufacture, processing, and sale of seamless oil country tubular goods (OCTG) products. Its products include casing, tubing, and drill pipes that are used for oil and natural gas exploration, drilling, and extraction; line pipes; and green pipes. The company provides a range of seamless American Petroleum Institute (API) products, which are products manufactured according to the standards formulated by the API; and non-API products, which are products tailor-made to meet its customers' specifications and that are manufactured to a higher standard than API products. WSP Holdings offers its products in the People's Republic of China, North America, the Middle East, Asia, Africa, and Russia. The company was founded in 1999 and is headquartered in Wuxi, the People's Republic of China.

Here is link to key stats
http://finance.yahoo.com/q/ks?s=WH

Got most of what I like with exception of div--however since stock symbol is also my intials I'll let them slide

Has low PE top -cash to debt bout 4/1 and multi dimensional services.

 

[DOGS THAT BARK]

Past week was 5 year aniversary of this thread.
Lots has happened past year with chinese markets going down 66% in past 11 months. Things might be changing with recent adaptions made by China gov to benefit investors there. Made note last visit there in past November everyone was becoming "part time" stock broker including my brother in law. They got the 1st look on what opposite effect can bring and good thing most kept their day jobs. With that being said haven't had a lot of anxiety myself on market there and still see lots prospects in worlds largest emerging market. Have had some stocks fall in red for 1st time but nothing can't live with. Hardest part has been wanting to add to some positions--while staying within the rules. On to report--

++++++++++++++++++++++++++++++++
Stocks that have been sold--

PTR
bought @ $39.79
sold $150.07

Tsingtao Brewery Co Ltd (TSGTY.PK)
bought 8.60
sold 2-15-07 @ 18.20

China Unicom Ltd (CHU)
bought 8.01
sold 8.55

lngvy.pk bought 6.15 a share
sold @ $8.30 a share

ABB LTD bought $12.71
sold $15.95


+MAPTX A china mutual fund
bought @ 11.42
Sold 1-4-08
return was 143% over the 4 years it was held.


American Standard Company Inc (ASD)
bought 83.65 - split 3 for one
sold- $35.89 Hard to peg profit on this one as sold off portions received divs--one a $15.98 special div on sale of one of their units. Taking a guess somewhere near 85% profit

Anglo American PLC AAUK.O (indirect play on China-coal processing)
bought @ 27.75
sold 28.60
++++++++++++++++++++++++++++
Stocks- sold 1/2 position when price doubled and kept remain shares as profit.

Denway Motors Ltd (DENMF.PK)
bought .62 split 2-1 making buy in .31
sold 1/2 @ .64
currently .28

Cheung Kong Infrastructure Holdings Ltd (CKISF.PK)
bought 2.12
sold 1/2 position @ $4.25
currently 4.35

CHNG >CHINA NATURAL GAS
purchased @ 3.15
sold 1/2 position 7-24-07 @ $6.40
currently 4.35

ALUMINUM CP CHIN ADS (NYSE:ACH
purchased 1-18-07 @ $23.40
sold 1/2 8-4-07 @ $46.97
currently 18.77

+++++++++++++++++++++++++++
Stocks still holding

HIMX bought 4.15
currently 3.06

AOB purchased 9-6-07 @ $9.68
currently 7.24

BKEAY.PK bought 2-25-08@ $5.15 a share.
currently 4.05

WSP Holdings Ltd. (WH) bought 6-16-08 @ 7.60
currently 7.98
+++++++++++++++++++++++++++++++++
Have been quite fortunate to have had to sell any stocks @ loss "yet" aided primarily by lucky timing in market--and good fundamentals learned from Kirk and others here on taking profits and not being greedy.

about the "yets"--
Normaly will cut my losses on around 20% and have a few here in that range--however have opted go against the grain and to keep them.

BKEY considering selling this bank stock as it was probably weakest pick of entire portfolio-and was bought at extremely bad time--will wait and see.

HIMX--despite drop it is one of my favs--
forward PE around 5--0 debt and 18% div--
My kind of #'s

AOB another with same pedigree except div
7.7 forward PE
1.4 mil debt/144mil cash and nothing but great earning #'s every quarter

WH another low forward PE 6.5 with 55/1 cash to debt ratio.
++++++++++++++++++++++++++++++
I believe key of cash to debt will much more important now than times past as no doubt credit will tighten substantially with current fiasco's.

If I was just starting this thread today and could purchase just 3 stocks monday would opt for--
AOB-HIMX and ACH (previously bought and sold 1/2).

 

[Glenn Quagmire]

I must have been living in a cave because this is the first time I've seen this thread. :mj07: Anyway, I'm glad I found it because I've been trying to focus on Chinese stocks recently (as well as some other countries like Peru, Mexico & Brazil).

I currently have 3 Chinese holdings -- CTRP, MPEL & GSI. A couple of others I've considered adding are mentioned in this thread, AOB & QXM. The main reason I haven't purchased AOB is simply because there were other stocks I liked more.

QXM has been absolutely battered as of late, so much so that its PE is less than 2. :142smilie But the reason I haven't opened a position in that one is because I've heard some pretty bad things about management.

So my question is this... what do you guys think of QXM? Does anyone own that stock? If it was mentioned before earlier in the thread, I apologize.

Thanks in advance...

 

[baby johnson]

himx is payng an 11% div, with a pe of 4.2....

is now th time to buy???????

 

[selkirk]

very good thread, and only wish there was more on a specific country, region, or sector...

also interesting to note that though emeging markets are always thought to be of high risk, how many so called blue chip stocks in US and cdn. have gone to zero, or close to destroy shareholders, over the last 5-10 years.

thanks
selkirk

 

[DOGS THAT BARK]

himx is payng an 11% div, with a pe of 4.2....

is now th time to buy???????

I got diff #'s on div- a trailing of 17% and forward of 18%--will check and see what I was paid.
http://finance.yahoo.com/q/ks?s=HIMX

 

[DOGS THAT BARK]

BKEAY.PK bought 2-25-08@ $5.15 a share.

Sold yesterday @ 2.60 a share.
1st china stock sold at loss
Was not good selection to begin with--and bank chaos didn't help as this stock is hong kong bank-that coupled with no stop loss available on pink sheets compounded matters. Got some small divs to offset but for practical purposes a 50% loss.

Have stock I will buy with proceeds that I think has good chance of doubling and recouping loss within 12 months. Will be back before at around market close.