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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42609)5/13/2011 12:00:13 AM
From: Shane M   of 78891
 
Guessing that if so many of my small cap Chinese companies have problems with one or more of poor accounting, poor governance, hidden ownership or hidden deals, little regard for outside or foreign stockholders, then that may also be true for the larger Chinese companies. I recent sold CHL for that reason.

Good point there. I'm totally out of sync with the market on CHL so clearly there's something there that I don't understand. I bought/ sold for a loss... then rebought and am a tad underwater on my second buy again. I think maybe many years ago I might've done OK on this one, but recently the market is seeing different things than I'm seeing. The accounting concerns in China could be exactly what's behind poor behavior in this one for the last long while.
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