WSP Holdings (NYSE:WH)

MEDyer1956 (< 20) Submitted: 6/12/2009 11:32:31 AM : Start Price: $6.67 WH Score: -68.82

This is why I am long on WH:

1. Obama's policy is not positive for American manufacturers.
2. US deficit will screw up value of US dollar.
3. WH has world class technology and is a low cost producer.
4. WH is fast growing in international markets.
5. WH has strong support from the Chinese government.
6. WH has equal performance in the oil services sector. (Check out Google info on WH's competitors.)
7. WH is paying an very large dividend. The question is why WH would do this. The answer is because they can.

WH will achieve a p/e of about 8 when the market wakes up to the fact WH has stronger dynamics than the US based competition and WH will grow with the Chinese economy. US position in the international market will decline.

It appears that WH is now on the radar screen and the market is awake to WH performance. A respected analyst , Rober HSU, has recommended WH and I believe the snow ball effect is others now will recommend WH because they want to claim that they recognized WH as a good investment.

I kinda feel good. I reconized WH on June 7th when I went all in at $4.63. GIG