Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (33987)	5/19/2003 9:51:00 PM
From: TobagoJack	Read Replies (3) of 74559

Hello KastelCo, my Indian pen-pal Gumnam wrote the following: "... I think Indian banks might be a very interesting idea - I would avoid investing in any mainstream India closed end funds - the mangers in general are quite pathetic and tend to follow the ' flavor of the month investing'. The locals essentially eat them alive. I have been dealing mostly in ADRs - so currency translations gets done every day for me. I am cautious after my South African Gold mining experiences - I think SJT may be 'safer'. If gas prices do well, I do not want my gas plays to be going down in price. So I own that. Another company that you may wish to look at is ARLP. It is a coal mining company set up as a master limited partnership and basically distributes its cashflow. It has run up a little lately but is one of the stocks that you can track as a fixed income play on higher energy prices and buy on dips. High gas prices cause high coal prices ( due to subsitution by electricity producers) and these companies pay very stable dividends ( or return of capital...). They do not compare with Can Roy but are in the 8-10% yield area. There are certain tax related reasons why they tend to be remain undervalued. I do own some NCN ... NCN is doing a secondary that gets closed on May 22nd With today's words by Mr Snow on USD - where he describes a strong currency as a currency that cannot be counterfeited, or maybe in future he will say "one that is printed on strong paper", the coast is clear for a big USD weakness against currencies that will let themselves be strong. Euro Aud NZD Cad are the market candidates. But really speaking it is the Asian currencies that should be stronger. They are the ones with big current account surpluses, big trade surpluses and huge internal savings. Any candidates?" Chugs, Jay

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