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I've been an avid stock market follower since my early high school days in the late 60s. I bought my first shares of stock, SMSC -- Standard Microsystems, in 1977 with my tax return check. After enjoying a very nice gain a year and a half later, I was hooked. Everyday is a new learning... More
  • Still Bullish On (Some) Chinese Stocks 0 comments
    Feb 8, 2010 9:13 PM | about stocks: CSKI, DYP, RCON, FUQI

    There's been a lot of smack about Chinese stocks lately. While you can point to a few wildly overpriced issues and argue about China's credit crackdown and its damping effect on equities, I can also point to quality value-priced issues with strong top and bottom-line growth, and plenty of cash to mitigate any credit concerns.

    Three such stocks are CSKI, DYP, and RCON. Besides growth and cash, they share several other nice characteristics, such as good net margins, high returns on equity, and small floats that can only serve to force their prices much higher as their names become known by more investors.

    On Thursday, Feb. 11, 2010, RCON and DYP report earnings. CSKI hasn't announced a date, yet, but they should follow soon after. While RCON's last two reports met with tepid interest at best, their growth will have to be recognized eventually, and rewarded. The stock's P/E is already less than 6. FUQI was in a similar spot back in March, with a P/E of around 4. Investors eventually caught on to their growth story and the stock was a 10-bagger six months later. While I don't hold out such high hopes for these three, I believe anyone investing in them will be handsomely rewarded later this year.

    Disclosure: Long: CSKI, DYP, RCON

    Stocks: CSKI, DYP, RCON, FUQI
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  • Still holding CMN. True to form, though, after a quick early spike on earnings news it has suffered an equally quick selloff. Long term hold
    Dec 9, 2009
  • CMN has bad habit of selling off on favorable earnings news. They report Wed. I'll likely sell tomorrow to lock in gains.
    Dec 7, 2009
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