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To: Sig who wrote (10834)	6/20/2003 11:53:01 PM
From: pbull	Respond to of 13815

China has been a frustrating experience for a lot of U.S. companies. I know a gal whose finace was sent to mainland China a few years back to help set up the first Sam's Club. The Chinese government's regulations are just bizarre. They want the Yankee dollars, but they really make you jump through hoops. But if I could invest in only two things very long term, they would be ways to play the growth and increasing importance of China and Russia in the world. Barron's says Russia's major oil companies, whose stocks are up hundreds of percent, are still valued as though their oil reserves are worth $1.50 a barrel. Think about that for a minute. And I saw a cover story in Forbes a couple of months back on a fat-cat U.S. CEO who has a significant investment in a barely developed gas field in Kazakistan, part of the old Soviet empire. Largest natural gas reserve in the world. Trades at a PE of 6. Sits next door to China. Hmmmm. Well, like I said, very long term....but his grandkids are setting on a very interesting situation, in my opinion. PB

To: Sig who wrote (10834)	6/22/2003 2:46:38 AM
From: pbull	Read Replies (1) \| Respond to of 13815

DISH was something that was recommended to me last summer, but I was in no position to really do anything about it. It has had a great run. I've been a believer in the home satellite dish for a long, long time, and but it has always been about making equipment instead of delivering entertainment/information. DISH looks like the real deal in the making, and something I would look at on dips. FDC, First Data, is another I would look at on dips. These are strong franchises, in my opinion, not speculation about some pie in the sky story. You gotta get 'em at the right price, though. I have no idea which stock is going to be the next ASKJ or some similar tripe. PB