As a first I look at cash-rich china bombs which resemble in some aspects, dot-com bombs from 2000. And we have been very successful in early 2001 doing just that.
Now, it appears that not a dime is invested in chinese stocks absent SINA, SOHU, and BIDU. Naturally if some money returns they should at least pop a little. Many of those mongrels came to the market at the height of the china craze, clearly with optimistic valuations and all fell. But at prices of 10% or less of initial prices, with most of the cash still there (if it is there) they might be reasonably priced now.
While credibility is an issue to beat them down (in some instances cash was actually depleted to private accounts) which makes me personally wary of committing larger amounts to such issues.. .for less than a month it could work.
A subgroup is to find in solar technology. Many of the solar stocks trade at low multiples (but clealy anticipating that the "E" in the P/E ratio is jsut not there). STP, SOL, HSOL, JASO, YGE, WFR, FSOL, and many more.
I already have some issues in mind, and will post a couple of ideas as they appear in the next few. |
