Home Inns & Hotels Management, Inc. (ADR) (NASDAQ:HMIN)
CAPS Rating:
The Company develops and operates economy hotels across China. It offers a consistent product and quality services to primarily serve the fast growing population of value-conscious individual business and leisure travelers.
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Recs
The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).
While I'd like to believe you are right, I fear you are wrong.
This market will need a catalyst to send us back down that far again, and no major catalysts can be seen for miles by this bear.
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