1.- Almost no debt 2.- Net tangible asset 4 times VISN market value. 3.- Cash above of market value 4.- Rating USA downgrade to AA+ . This mean, chinesse market more atractive and RMB must be up 5.- There are no stock to invest right now. Some funds must be looking for a company with caracteristic like VISN.
I agree with you. I would say, buy chinese non export companies. China's growth ratio is estimated around 9% for 2012. Only chinese exports will be lowered due to u.s. and e.u. recession. After a thorough DD, buy chinese stocks,imho. Some of them are traded at a p/e below 2 aqnd p/bv below 1.