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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (33130)12/27/2008 3:03:33 PM
From: gcrispin   of 78747
 
CNOA certainly has had a bad rap. Perhaps a better description would be to say it has a bad rep. But with a new CEO, a new CFO, and another independent director I hoping that will change the view of the company. A major bond holder converted his stock at .32. The CEO bought his shares a higher prices. The stock is currently selling at less than a one PE.

Too good to be true?

I hope not.

CHCG is certainly cheap enough. But margins are narrowing and it's difficult to know just how competitive the environment is in China. I suspect all players will defend their marketshare to the hilt with sales slowing. Is it reflected in the price? Perhaps, but retail, even in China, is not the sector for me.
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