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Strategies & Market Trends : Value Investing
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To: gcrispin who wrote (49511)9/21/2012 3:03:09 PM
From: MCsweet  Read Replies (1) of 78763
 
CCM,

Nice timing! I forgot anyone else cared about this. I have been selling the past few days. I wish I had waited until today :)

On the positive side, the buyback continues and I believe has cleared out the large institutional sellers. So from a supply/demand of shares, I think this stock has room to run.

From a fundamentals viewpoint, I like the business but there are so many cheap Chinese stocks with buybacks/dividends that this one does not look that cheap.

I have sold a good chunk and keeping a few shares because of the supply/demand factor.

MC

PS: I no longer will consider a Chinese stock without a buyback or dividend, except maybe a blue chip like Baidu. It is basically show me the money time.
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