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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (27261)	7/11/2007 6:06:18 PM
From: Carey Thompson	Read Replies (2) \| Respond to of 78469

Speaking of real estate, I just bought some Cheung Holdings, CHEUY.PK, a Hong Kong and south China real estate company. The company was founded and is chaired by Li Ka-Shing. Say that name 3 times fast. My Li, was a plastic flower maker until the Chinese Cultural Revolution of the 1967. Some of us are old enough to remember Chairman Mao closed up the schools and commenced spreading the revolution to every of China, which caused many Britons living in Hong Kong to sell ( to Mr. Li ) and leave town. After selling some of his real estate and other businesses, Mr. Li bought control of Hutchinson Whampoa, the import export conglomerate. BTW CHEUY is a major holder of Hutchinson Whampoa stock. Fast forward 30 years. When the British lease of Hong Kong was expiring in 1999, many residents believed Chairman Deng would expropriate their properties sold out and left town. Mr. Li was buying again. This guy's 1) timing of purchases in genius, and 2) quite old, approaching 80 years old. Which is OK because he raised his sons in the businesses (starting back with the plastic flowers). There may be another way to hold CHEUY, perhaps via a mutual fund or and exchange traded fund. CHEUY does not trade much in this country, so to buy it I had to place a limit order. For comparative Hong Kong real estate values I will what Disney paid for its China Disneyworld and get back with the board.