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


To: MCsweet who wrote (33596)2/21/2009 4:28:45 PM
From: anializer  Respond to of 78470
 
OK, I appreciate you throwing the idea out. Probably not for me though as I like a higher degree of confidence before buying something. at 65 cents, it may well be a high percentage popper.

I'm looking at Paul's Chinese stock list. So far I've been thru SDTH only and some general thoughts below. In a market that I feel is destined to go much lower over time, I'm being very cautious about thinking I can time interim bounces or bear market counter trend rally's that don't last.

SDTH book around $2. No discount there. Estimates look good and on a PE basis and chart doesn't look bad at this point. Last report pretty good and if annualized, PE about 5. China is in a slowdown though and likely to get worse as they have already closed 70 plants and factories. 54 million shares outstanding is alot and other types of debt securities out as well outstanding as well even after the recent purchase of a portion of convertibles. Pros and Cons make this a neutral to my way of thinking. Could be good but its gonna take a hell of alot to find any winners that can defy market forces.