Hyundai. Ha!
This again is my issue with SA: bunch of talkers mostly, and very few doers. Like the SI guy, who owns no shares. If he actually tried to buy the stock, he might be surprised:
About my recent comment here:
Turns out I appear to be wrong --- I don't know how I missed it, but the company shares seemingly can be bought as HYMTF. Thinly-traded, but available, according to Yahoo: I now add: Available maybe, but as before, not so convenient or inexpensive to buy.
So I will reaffirm my comment here, I have posted in past how difficult it was for me to actually buy any Hyundai -- it didn't trade -- or rarely traded(http://finance.yahoo.com/q?s=HYMLF) -- on the pink sheets. (And buying anything on the Korean market I found to be too tough --- brokerage fees/middleman fees/exchange fees make small buys not worth it.) My experience is again, Hyundai stock (HYMTF, HYMLF, HYMLY) cannot (at my brokerage anyway) be bought without broker assistance. Which results in a higher brokerage fee + a Korean middleman fee. Result: more than 10x my usual commission on any trade. Although, IF you bought enough shares at one time, or if you kept the shares as long as you might keep your Hyundai car, it possibly makes the expensive acquisition/sales costs negligible (if the stock works out). I'm just not willing to pay the price of entry though.
Anybody's experience with Hyundai different? Might I be the only guy around here who actually has placed or tried to place a buy order? It's a growing company, and p/e seems to be under 9. May be a good buy. I'll continue to play it though through iShares Korea Index. |
