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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (42933)6/14/2011 10:16:00 AM
From: MCsweet  Read Replies (2) of 78482
 
Aberdeen International update (AAB.TO, AABVF),

I am buying back some trading shares I sold at 0.83 and 0.84 CAD (after the undesired election results). I have always liked the stock, but I thought the discount might widen after the Peruvian election results, which it has.

The stock is now at 0.77 CAD and its major holding Sulliden (SUE.TO, 2.22 CAD) seems to be recovering on news that the new Peruvian president Humala is acting moderately so far.

To save on currency costs, I am keeping sales proceeds in CAD, so I don't keep getting hit on the currency conversions. I'm not sure it would be worth the trouble to trade this one so frequently using the pink sheet ticker.

Let me know if I am posting too much on this one.

MC
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