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

To: Spekulatius who wrote (39989)	11/10/2010 2:46:25 PM
From: Madharry	Respond to of 78571

re cccl: I dont want to go off half cocked. but calling this is a fraud based upon some garbled information from a questionable source relating to a marketing surrounding a product, is incendiary. Just like with GFRE I suspect that hedgefunds who are putting millions of dollars into this company as well as roth who are in charge of the new offering have done a fair amount of due dilligence. Right now on a worst case basis I see this equivalent to someone paying dues and joining the better business bureau. Id they paid a registration fee so that they could use this in their advertising that doesnt make them a fraudulent entity. I will wait to see how the offering goes and who picks up shares and to what extent its oversubscribed. Any chinese based readers who want to comment on this product feel free.

To: Spekulatius who wrote (39989)	11/11/2010 5:27:13 AM
From: Madharry	Read Replies (2) \| Respond to of 78571

ok once again you have forced me to do more research. I conclude that CCCL is a small player in a very large market. I believe that they produce less than 1/2 of 1 percent of china tile production, which produces something like 60% of the world production according to at least one source. chinese tile production has been growing at double digits for the past 6-7 years or so. They are issuing more shares in order to expand production so clearly they believe that they can sell this additional production. so far looking at their exports I see that there is not export to north america so perhaps they will expand there in the future. Bottom line this seems to be a cheap stock but there is not a moat like there is with gfre. I dont see any evidence of fraud either.