Some truth to the comment, but the other side of the matter is that anyone who compares a photo of current day Shanghai and Beijing with a photo 50 years ago knows something really big has happened. China is still bringing more citizens I out of poverty then any country on earth ever has.
Thanks for the comment. Yuchal is a good example of risk/reward. I'm on the side of higher reward then there is risk. Dividend payments have been reassuring.
Don't disagree with your comments, however, China has 1.3 Billion citizens and the number buying property in the USA is a tiny fraction. Not unusual for very wealthy people to diversify and this is an example. Very wealthy people in developed countries have many ways to diversify. Wealthy Chinese are more limited to real estate outside China.
Two issues hurt the stock. 1. Ownership structure is unusual, along with"golden share" privileges. 2. The manufacturing plant is in China, which is out of favor. I bought Yuchai in 2005, 06, 09, and 12 and I'm holding. Likely to buy more this year. I think the golden share is actually a plus to A DR shareholders.
I hold AMX ADR's in two brokerage accounts. At Merrill Lynch, Telisites shares appeared on my December statement , symbol TLSSF, with a notation "dividend pending 01/26". I went online Monday and the shares had disappeared. Called broker, and he said shares were being sold and that I would receive cash credit soon.
The Telesites shares never appeared on my Wells Fargo statement and my broker is now trying to locate them.
My best guess is that all account holders will have their shares sold automatically unless the account holder instructs the brokerage firm to transfer them to a brokerage account in Mexico. All in all, unnecessarily confusing.
Slim screwed the long term holders of tfony and he apparently no longer cares about USA stockholders. There will be capital gain taxes on the distribution.
You have Elon and Tesla figured out. Documented, audited historical numbers don't mean anything to the Teslarians. It's always about what Elon says is going to happen next whatever. Could be month, quarter, year, car model, battery, hyperloop , Mars,......... Fill in the blank. It will end only when Elon can't get any more money from Wall Street.
The falcon wing doors and the exotic 2nd row seats are the end result of a one man decision making process. If Elon says we can do it, the decision, no matter how impractical or expensive, moves forward. The problem for Tesla is that the one man is half crazy along with the other half genius.