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Strategies & Market Trends : Value Investing

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To: Ron Bower who wrote (5637)	1/7/1999 3:53:00 PM
From: Bob Rudd	Read Replies (1) of 78683

Ron: HK/China equities..One of the major overhanging risks in this region has been the possibility of Chinese devaluation. They seem to have weathered the storm and this is now lower probability..but the peg to the $ isn't etched in stone. About the time anyone becomes complacent about currency's stability the thing falls apart. Purchasing power parity is no way to trade currencies, but can give an indication of long term value there in the same way p/e, p/s, & p/b give indication on the value of stocks. If you have interest in foreign plays, take a look at one of my favorites FSACF biz.yahoo.com I like the fact that they report in the US so you get much better info. PB .6 PS .07. They show a loss because the share price was lower than had been specified on a buyout and they had to make up the difference. The underlying biz appears to be strong.

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