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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (4280)12/2/1999 10:37:00 AM
From: Kevin Podsiadlik  Respond to of 19428
 
Strange, I didn't know SRCM had a Chinese subsidiary...


This stock has China. It has the Internet. But it also has people scratching their heads, trying to figure out where the value is.

The company in question is China Prosperity International Holdings (Nasdaq:CPIH - news) ADR), a Hong Kong-based, Australian-traded construction and investment company whose American depositary receipts trade on Nasdaq. Those ADRs, which had done little but lose value since the company's 1995 IPO, rocketed in recent weeks on the prospect of freer trade with China and speculation over an interactive TV project in China. But potential dilution in the stock and the company's extremely optimistic projections for the interactive venture could signal that prosperity remains far off for shareholders.