Hello Pezz, Operation secret code “____” Report #4:
Hong Kong is firm and resolute again, calmed by the steadfastness of US market as indicated by the market indices (never mind the energy and commodity indices, most in HK do not know a commodity if they saw one).
The worldwide repricing s taking a respite (thank goodness) quote.yahoo.com
I bought another tranche of the one-way bet (I just am not sure which way) at basically yesterday's closing price. The stock continues to be well bid.
The play is actually a long term play, as opposed to a flip, but its value is matched by its unconventional profile.
The business in question is everything I like (service and distribution, RMB denomination, consumerism, cash flow, zero debt, and implicitly 3x P/E).
I am basically buying cash with cash, which fits the environment going forward, and yes, its value may not be hidden for long, once everyone here is done with the business at hand, namely exiting from the general market.
Will say more later, when I am done buying.
Chugs, J
Message 22537189 Report #3
Message 22536770 Report #2
Message 22534255 Report #1 |
