Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Amidst A Weak Chinese Consumer Market, CRE Faring Even Worse

Naming China Resource Enterprises (OTCPK:CRHKY) as a Top Pick in August of 2013 has been a lousy call so far. Down almost 20%, about the best thing I can say about that call is that most of the Chinese consumer sector has gotten hit too, with Sun Art (OTCPK:SURRY), Lianhua (OTCPK:LHUAF), and Tsingtao (OTCPK:TSGTY) down about 5% to 10% over the same period on a lot of worries (and some reality) about weaker consumer spending in China.

At the risk of doubling down on a bad call, I do believe that the market is playing up short-term risks and losing sight of what CRE can accomplish over the long term. Clearly "can...

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