ChinaMart

Chinese Shares Soar - But Can They Be Bought?

I agree that staying clear of the parabolas is advised here, and also agree that there are some that excellent value stocks that are still unknown that are taking part in China's torrid growth.

One that a I'll mention here for your consideration is WWMU.OB.

The upside on WWMU: At $6.50, this stock currently trades at a forward PE of 9 based on 2007 eps estimates of .71/share. They have about $1/share cash, no long term debt, and are growing revenues and income at > 50%.

The downside? The float is miniscule with only 308k shares in it, and about 2M shares total outstanding. As a result, trading been extremely thin at this point.

That said, I think it's worthy of a small position here based on their growth, cash/share, lack of debt, and pending acquisition in November that will be immediately accretive to earnings.