Hello Pezz, Today’s Report:
I wrote a note to you, thought I had posted it, and discovered that I lost it. It is one of those muddle-through days.
I felt pressured by Maestro Greensputin and Professor Bernankaput’s latest discount rate action, and I fear that the world is that much closer to TeoTwawKi by way of Japan for a while and later, by path of Argentina.
The Maestro and the Professor is sending us beyond the event horizon to a world of zero yields. I figure I better grab some more yields in strong currency space while the grabbing is still good.
I purchased a dollop of each of the following:
(a) Jiangsu Expressway finance.yahoo.com (see also financeasia.com ) at HKD 3.00
(b) Zhenjiang Expressway finance.yahoo.com (see also cpefinance.com ) at HKD 3.20
(c) Shenzhen Expressway finance.yahoo.com (see also mystockhk.com ) at HKD 2.025
Jiangsu and Zhejiang are provinces immediately adjacent to mega-city Shanghai, and Shenzhen is a booming zone between Guangzhou and Hong Kong. All three locations are stuffed full of factories, people, and automobiles.
As long as the Maestro and Professor keep the printing press on full power, and Bush keeps the oil flowing from the ME, the dividends should simply increase with the number of cars on the road, and the capital value should increase with each cut of the discount rate (there are at least 4 more cuts before TeoTwawKi :0)
These new portfolio additions might look astute once money market funds start generating negative interest income, or dis-income, or eh, more accurately, expenses ;0)
I like uncomplicated businesses with simple outlook, minus exotic derivatives, devoid of pretty income smoothing, not needing smart management, and do not have to fund wise R&D and nifty marketing functions; roads, bridges, ports, and airports may fit the profile.
Chugs, Jay |
