Scones (47.63)

Taking A Ride On The China Coaster!

March 19, 2008 – Comments (0) | RELATED TICKERS: CHN , ACH , HTX.DL

I went value shopping in China, looking for bargain stocks that had been oversold in recent months. It looks like it may be time for the Far East to experience some more upside after the sell-off in recent months. I was able to find 12-15 companies that were selling at discounted multiples in relation to their peers. I was able to find a few Chinese companies that were selling below book. I have heard from a well renowed economist that it will take nearly 15 years for the GDP of China to reach that of the U.S. Yet the companies population is several times greater. If you can stand the ride over the next decade, it appears that it's a golden opportunity for investors.