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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (39989)	11/11/2010 5:27:13 AM
From: Madharry	Read Replies (2) of 78594

ok once again you have forced me to do more research. I conclude that CCCL is a small player in a very large market. I believe that they produce less than 1/2 of 1 percent of china tile production, which produces something like 60% of the world production according to at least one source. chinese tile production has been growing at double digits for the past 6-7 years or so. They are issuing more shares in order to expand production so clearly they believe that they can sell this additional production. so far looking at their exports I see that there is not export to north america so perhaps they will expand there in the future. Bottom line this seems to be a cheap stock but there is not a moat like there is with gfre. I dont see any evidence of fraud either.

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