China Infrastructure Investment Corp. (CIIC)
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China infrastructure has to go up before the rest of the market as China will be one of the first to rise up from the crisis (if one can really call a 5% annual gdp growth a crisis)
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Massive market potential.
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May hurt my immediate rating, but this is a long term favority for very little money. This work will be around a long time.
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'Buy American' Rider Sparks Trade Debate
The stimulus bill passed by the House last night contains a controversial provision that would mostly bar foreign steel and iron from the infrastructure projects laid out by the $819 billion economic package.
"There is no company that is going to benefit more from the stimulus package than Caterpillar, but I am telling you that by embracing Buy American you are undermining our ability to export U.S. produced products overseas," said Bill Lane, government affairs director for Caterpillar in Washington. More than half of Caterpillar's sales -- including big-ticket items like construction cranes and land movers -- are sold overseas.
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/28/AR2009012804002.html
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buy on dip

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