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Strategies & Market Trends : Value Investing

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From: Paul Senior	1/18/2013 6:12:51 PM
	of 78747

Auto retailers: Expanding my universe of auto retail stocks, I bought a few shares of Chinese car dealership LAS. I will assume the company isn't a complete fraud like some of the Chinese companies I've invested in before. Because the company sells imported European cars and Chinese-Euro produced cars, maybe many of the accounting numbers (inventory, sales) might be real because they're readily verifiable. (But who knows what's verified or who verifies.) "Lentuo International Inc. engages in the sale of new automobiles, auto parts, and accessories in the People?s Republic of China. It also provides automobile repair and maintenance services, as well as automobile leasing services." finance.yahoo.com finance.yahoo.com

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