Live but another Stock Portfolio August 2010
The stock market went into a mini panic month - especially at the end of the month. It was the worst August on the American past 9 years. Macro data bit confuse investors. There seems to be some slowdown in the U.S. economy since June This slowdown is very stressful investors are afraid of another recession. Value investors should take advantage of any such panic to buy cheap stocks.
I do not think the data is necessarily indicate a recession fighter. On one hand, real estate data does not look good when home sales in July reached a new low. Well as employment data is not in good condition, and economic growth in the second quarter was revised down to 1.6%. On the other hand one of the most important data - Rail traffic shows a significant improvement this year. Improvement home shopping network progressing well in recent weeks. Anyone following the railroads should not have been surprised PMI data jolted the stock market yesterday. nutshell, the data is quite confusing - on one side there is a growth home shopping network industry, on the other hand in housing and employment is still weak.
Although it seems that the U.S. economic recovery will be slow, I'm very optimistic home shopping network about stock markets. There are two reasons - one is simply not affordable prices - and in some cases really cheap. The second reason is that the level of investor pessimism peaked since March 2009 (it was the month in which the American Stock Exchange reached the bottom). When everyone pessimistic - it's time to buy stocks. home shopping network
Unlike the U.S. economy, I continue to be pessimistic about the future of the Chinese economy. See the last financial statements, many real estate home shopping network companies and infrastructure Chinese, and I have no doubt that the train Chinese going to crash into the wall. It's really amazing to see this happen. When I read the statements of U.S. companies it is quite amazing how certain industries were hit (one example see the reports of Contractors Americans? It's just amazing to read.) What happened in the U.S., will happen soon in China but herself much greater. This course will take several years. Although assassinate train wall, but we see it happening very slow motion.
U.S. real estate collapse began in 2006, and only in 2008 the country entered a recession, and there are certain industries that only the farm crisis home shopping network today. In China it will take several years to builders, home shopping network banks and building support will feel the real estate crash. Reports and reports
Down (NYSE CASH) released home shopping network the report for the third quarter of its fiscal year. The company earned 3.5 million dollars - or 14 million annualized. With a market value of $ 100 million, no wonder the share price does not stop rising. When you have a company that is growing by 30% a year and trades home shopping network at less than 10, you know you got the scoring wins.
Nan Yang (Nasdaq 212) earned $ 48 million from operating activities for the first half year. What is the name of its annual profit more than 90 million. Its profits rose strongly because they have increased their holdings of Taiwanese bank. Women multiplier 15 on those earnings, and receive the company should be worth $ 1.3 billion - that is double the price today. Despite the good report, I sold this month all my shares in the company, and this is to buy shares of ETM.
Saondooil (Nasdaq 878), as expected, continues to show good results. Its profit for the first half stood at $ 65 million - or 130 at an annual rate. This gain is almost not include income home shopping network from the sale of assets. So even without the sale of assets (this was significant activity in Saondooil), the company trades at 10. According to the report, building home shopping network on the street Tang - Long end in 2013 and not in 2011 as previously planned. If I understand correctly from the report, the reason is a change in the program of construction - building in Ginza-style commercial mall. This change is very positive and will increase the company's profits from rent.
More information uncovered CEO after the release of the report is that they were determined to take over the property on the street capitalization 32-50, where they will build a residential building size of 100,000 square home shopping network feet. Sale of the project will begin early next year. The company bought the property for 512 million . add about another 150 million construction cost, and receive threshold cost of 700 million. according to the market today there is no way in the world they will get less than 15,000 square feet - or 1.5 billion per project. I mean pre-tax profit of at least $ 800 million.
This project and the apartments home shopping network they sold earlier this year (Warren - Woods), Saondooil will receive $ 2 billion over the next three years. It's a lot of money to a small company like Saondooil. With leverage, the company could grow significantly. Indicated that there is a report last - company bought assets worth 400 million last half year. How do I know this? Here is the balance sheet of the company:
Here is the table I made in the past to record the betterment of the Saondooil: Year 2005 2006 2007 2008 2009 * investment properties 79 million 375 million 150 million home shopping network 75 million 26 million development assets 4 million 5 million 17 million 39 million unknown properties for sale 0 727 trillion 42 million million 265 million Unknown Total 84 million 421 million 819 million home shopping network 454 million
You can see the current pace can bring us to the level of purchases of 2007 - a record year in terms of purchases of the company. In 2007 the company purchased much of the property home shopping network on the street capitalization 32-50. Hopefully that purchases this year will yield a handsome return.
Total it is not surprising that corporate profits rising due to the fact that tourists continue to flood the Hong - Kong at a record pace. My record company watched profits of the hotels will begin to rise this year. According to what the company writes, as well as by data from July tourists, it seems that the second half will be even better.
Tai - ping (Nasdaq 146) reported a loss as expected. As minute (Nasdaq 997) also suffers from the slowdown in the U.S. hospitality industry., I probably will wait two or three years to see whether the improvement I was watching the U.S. economy will return to its change record profits.
Antrkom (ETM) - At the end of the
The stock market went into a mini panic month - especially at the end of the month. It was the worst August on the American past 9 years. Macro data bit confuse investors. There seems to be some slowdown in the U.S. economy since June This slowdown is very stressful investors are afraid of another recession. Value investors should take advantage of any such panic to buy cheap stocks.
I do not think the data is necessarily indicate a recession fighter. On one hand, real estate data does not look good when home sales in July reached a new low. Well as employment data is not in good condition, and economic growth in the second quarter was revised down to 1.6%. On the other hand one of the most important data - Rail traffic shows a significant improvement this year. Improvement home shopping network progressing well in recent weeks. Anyone following the railroads should not have been surprised PMI data jolted the stock market yesterday. nutshell, the data is quite confusing - on one side there is a growth home shopping network industry, on the other hand in housing and employment is still weak.
Although it seems that the U.S. economic recovery will be slow, I'm very optimistic home shopping network about stock markets. There are two reasons - one is simply not affordable prices - and in some cases really cheap. The second reason is that the level of investor pessimism peaked since March 2009 (it was the month in which the American Stock Exchange reached the bottom). When everyone pessimistic - it's time to buy stocks. home shopping network
Unlike the U.S. economy, I continue to be pessimistic about the future of the Chinese economy. See the last financial statements, many real estate home shopping network companies and infrastructure Chinese, and I have no doubt that the train Chinese going to crash into the wall. It's really amazing to see this happen. When I read the statements of U.S. companies it is quite amazing how certain industries were hit (one example see the reports of Contractors Americans? It's just amazing to read.) What happened in the U.S., will happen soon in China but herself much greater. This course will take several years. Although assassinate train wall, but we see it happening very slow motion.
U.S. real estate collapse began in 2006, and only in 2008 the country entered a recession, and there are certain industries that only the farm crisis home shopping network today. In China it will take several years to builders, home shopping network banks and building support will feel the real estate crash. Reports and reports
Down (NYSE CASH) released home shopping network the report for the third quarter of its fiscal year. The company earned 3.5 million dollars - or 14 million annualized. With a market value of $ 100 million, no wonder the share price does not stop rising. When you have a company that is growing by 30% a year and trades home shopping network at less than 10, you know you got the scoring wins.
Nan Yang (Nasdaq 212) earned $ 48 million from operating activities for the first half year. What is the name of its annual profit more than 90 million. Its profits rose strongly because they have increased their holdings of Taiwanese bank. Women multiplier 15 on those earnings, and receive the company should be worth $ 1.3 billion - that is double the price today. Despite the good report, I sold this month all my shares in the company, and this is to buy shares of ETM.
Saondooil (Nasdaq 878), as expected, continues to show good results. Its profit for the first half stood at $ 65 million - or 130 at an annual rate. This gain is almost not include income home shopping network from the sale of assets. So even without the sale of assets (this was significant activity in Saondooil), the company trades at 10. According to the report, building home shopping network on the street Tang - Long end in 2013 and not in 2011 as previously planned. If I understand correctly from the report, the reason is a change in the program of construction - building in Ginza-style commercial mall. This change is very positive and will increase the company's profits from rent.
More information uncovered CEO after the release of the report is that they were determined to take over the property on the street capitalization 32-50, where they will build a residential building size of 100,000 square home shopping network feet. Sale of the project will begin early next year. The company bought the property for 512 million . add about another 150 million construction cost, and receive threshold cost of 700 million. according to the market today there is no way in the world they will get less than 15,000 square feet - or 1.5 billion per project. I mean pre-tax profit of at least $ 800 million.
This project and the apartments home shopping network they sold earlier this year (Warren - Woods), Saondooil will receive $ 2 billion over the next three years. It's a lot of money to a small company like Saondooil. With leverage, the company could grow significantly. Indicated that there is a report last - company bought assets worth 400 million last half year. How do I know this? Here is the balance sheet of the company:
Here is the table I made in the past to record the betterment of the Saondooil: Year 2005 2006 2007 2008 2009 * investment properties 79 million 375 million 150 million home shopping network 75 million 26 million development assets 4 million 5 million 17 million 39 million unknown properties for sale 0 727 trillion 42 million million 265 million Unknown Total 84 million 421 million 819 million home shopping network 454 million
You can see the current pace can bring us to the level of purchases of 2007 - a record year in terms of purchases of the company. In 2007 the company purchased much of the property home shopping network on the street capitalization 32-50. Hopefully that purchases this year will yield a handsome return.
Total it is not surprising that corporate profits rising due to the fact that tourists continue to flood the Hong - Kong at a record pace. My record company watched profits of the hotels will begin to rise this year. According to what the company writes, as well as by data from July tourists, it seems that the second half will be even better.
Tai - ping (Nasdaq 146) reported a loss as expected. As minute (Nasdaq 997) also suffers from the slowdown in the U.S. hospitality industry., I probably will wait two or three years to see whether the improvement I was watching the U.S. economy will return to its change record profits.
Antrkom (ETM) - At the end of the
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