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Three Cheap China Stocks to Buy Now: GA, COGO, EJ
Posted Sep 01, 2008 10:00am EDT by Aaron Task in Investing, Electronics, GamingThe Shanghai Index has fallen as much as 60% from its October peak but that is an opportunity, not a sign that the China growth story is over, he says. The growth of its middle class makes investing in China akin to the PC market in the 1980s and 90s, when investors (almost) couldn't go wrong.
In the accompanying video, Altucher reveals his top China stock picks, which each have strong cash positions, no debt and trade at low P/E multiples: online game company Giant Interactive, cell phone manufacturer Cogo Group, and real estate agency E-House. (At the time of interview, Altucher had no position in stocks mentioned.)
22 Comments
Martin - Friday November 07, 2008 11:14AM EST
You can grab BYDDF today at under $2/US. I'm not suggesting anyone just "grab" it, of course. What I am suggesting is to take some time and do some deep research, DD. About a month or so ago Warren Buffet took a 10% take, and he wants more. This got some attention, but not widely broadcasted. I believe it wasn't widely broadcasted, since Buffet would be shooting himself in the foot, right now, since he wants a larger stake. Look beyond their Auto segment. And understand that BYDDF is already a Profitable Company, China's largest Battery Maker, and well known and respected in the Industry for their R&D. Start with their Homepage, search for BYD Company
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Jason Leavitt - Tuesday September 02, 2008 10:51AM EDT
If you listened to Altucher in the past, you're broke right now. He has stayed bullish in the face of a long term downtrend.