intelligence

Why I Sold My China Positions

china is growing at 5% plus with a rising middle class--no other country is growing at this rate--these stocks are selling for less than 3 times earnings--look at CHCG ( China 3 C ) which has $32 million of cash or 60 cents per share and earnings of 50 cents a share--selling for 1 times earnings net of cash--AND IF YOU DIVIDE THE SALES VOLUME FOR THE THIRD QUARTER OF THIS YEAR BY THE NUMBER OF RETAIL STORES AND COMPARE TO THE SALES VOLUME LAST YEAR BY THE NUMBER OF STORES, AVE. STORE VOLUME INCREASED BY 15-20%--BAD SALE