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Teacherman1 (< 20)

China to Texas - Hot Air or Green Future



November 21, 2009 – Comments (0) | RELATED TICKERS: APWR.DL

Just bought my first (and probably last) Chinese stock.

Some one had posted a blog about APWR (among two or three others) being a good investment idea.

Not being big (or even little) on Chinese stocks, I took a quick glance and put it on my Watch List to look at more closely when I had some time. Wish I had bought it then at about $11.00.

A day or two later, as I was taking a quick look at my local paper, I saw an article about a $1.5B wind farm being built here in Texas that was being funded by the "Green" stimulus program. It seems that  A-Power Energy Generation Systems, Ltd is going to provide the turbines for it.

The reason I didn't get too excited right away was because the Sen from New York (who has been running for President for several years) said he would fight it because the money should go to create jobs in the U.S. and not in China.

It seems he changed his mind when he found out that the company was going to build a plant in the U.S. to build the turbines, and that GE was also involved with them in their China operations and would be supplying key parts of the turbines they build there (which would also create more jobs in the U.S.

The main reason I have not invested in Chinese stocks up to now ( and probably in the future except for this one) is because they are in China.

It would have been even better if I had spotted it back further (it is up something like 183% for the year) but there is still plenty of future growth.

Since this is a 5 Star stock, I guess a lot of our resident "China watchers" were already aware of it, but I guess I missed it in the huge number of Chinese stocks some of them pick.

I'm sorry I don't remember who posted the blog about it that put it somewhere in my brain, that allowed the article in the paper to get my attention, but who ever you are, thank you.

I feel like I was missing something because I didn't have any Chinese stocks in my portfolio, but now I can rest at ease. 

Don't plan on making a habit of it, but if another comes along, with enough U.S. connections, and as much potential as this one, I might consider stepping little deeper into the world of out "Creditor and Chief". 

Hope we don't end up trading all of our technology for plastic "doodads" to balance out our trade deficits; but that's another story.

Heads up if you have been as dense as I have and missed this one, should be a great long term play. 

Symbol is APWR.

JMO and worth exactly what I am charging for it. 






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