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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (27141)	6/26/2007 3:17:04 PM
From: Jurgis Bekepuris	Read Replies (1) of 78740

Chinese wireless "value added service" cigar butts. KONG and HRAY are Chinese companies selling wireless "value added services" (ringtones, music, etc.) to the wireless customers through wireless operators. Due to changes in the operator policies, it seems that the market is disappearing or at least substantially shrinking and changing. Both stocks have been hammered down and now are selling below 2x net cash. They are not bleeding cash yet, but may begin to do so soon. I am thinking whether it's worth to buy both expecting either business turnaround or entry into new business areas or potential buyout. I don't have a good track record with cigar butts though and therefore I am still undecided. Opinions welcome.

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