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Strategies & Market Trends : Value Investing

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From: Paul Senior	8/11/2010 12:08:00 AM
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I've got more red in my Chinese stocks than China has on its flag. Sometimes it seems that being in these stocks is a morass from which escape is only possible for me by selling at a loss. ADY. "Founded in 1962, it is one of the leading producers and distributors of premium infant formula, milk powder, soybean, rice cereal and walnut products in China." I would assume there's a real business there, one that would be profitable given the Chinese population. But no. Surprise loss announced couple days ago, and company stock continues on its year-long drop. finance.yahoo.com I'll take my 50% loss and exit 2/3 of my position. HQS. Why on earth is there a financial reason for a company with about $38M in cash and 0 ltd having to issue more stock now, and now when the stock is already beat down-- down way below stated book value? The fix must be in. Not a happy camper, I'll stay and I've made a small add at current low price. finance.yahoo.com

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