Hey Joan,
Thanks for the response.
RE: VLCCF
<< I can not believe we have that many investors that would not know what they are doing.>> As I mentioned, maybe the drop was in sympathy to the drop in the Baltic Dry Index (although oil is not included in that index). However, maybe Michael can give an opinion as to the knowledge of some of the people/computers who control these investment decisions, eh Michael?
<< As far as I can tell we have a ways to go before we have a glut of double hull oil tankers.>> I agree.
<< The last time the fund managers got scared and sold these stocks it was an absolute great buying opportunity as we were buying VLCCF for $9 and change.>>
You beat me. I got in at $14/$16. Still makes the divy “most excellent”!!
<< Do you see anything else in the natural resource arena that is getting sold off?>>
First a comment on the reply from Michael;
Message 21608796
I have a few Chinese Hawaiian friends, some in the older generation (80-90 yrs old).
Frugality, looking for every option/opportunity and getting the most out of the least would be my description of the older generation (ex: going to WalMart during a plant sell…picking out the worst looking/dying plants and asking for a discount). I expect the American businessman will underestimate and be quiet surprised at business acumen of the Chinese businessman.
I have been racking my sore brain on resources.
As a retired general contractor, a few thoughts;
The rise in crude hurts; concrete, PVC (plumbing), felt (tar paper), asphalt shingles, vinyl flooring & siding. If the housing bubble bust here, will the China expansion take up the slack?
If/when the housing bust happens…
Is gypsum exported to China? How much timber is exported to China? Furniture manufacturers? Alarm companies? Copper? Plumbing fixtures?
Will these companies falter…outsource?
Good to have you back Joan,
Best to you, Bill |
