I’m going home today — hooray! Mexico was very interesting, but I’ll be happy to be home with my wife and kids, who I’ve missed terribly.
The blogging gods have decided I can’t post pictures today (”Take that, skin sack,” says the evil machine). So here are some things that might interest you …
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From the monthly archives:
May 2008
In my May 13 post, I said that U.S. stocks have been in a Giant Stealth Bear market since the year 2000, losing more than 75% of their value in real terms! How can that be you ask since the DJIA is trading roughly 1,000 points shy of its record high? Where are the [...]
Sun Hung Kai (0016.HK) is one of the most successful real estate developers in China, but its stock price has been rocked by an ongoing family feud.
The company’s board of directors just voted unanimously to remove Walter Kwok as the CEO and this should clear the way for SHK to return to its [...]
The Wall Street crowd thinks that the state-mandated consolidation of the fixed line and mobile phone industry will hurt China Mobile.
My take is very different. I believe that eliminating CHL’s small but pesky competitors will be a big positive over the longer term. Remember, those small, unprofitable companies are subsidized by the [...]
Wuxi Pharmaceutical (WX), a biotechnology and pharmaceutical research company, doubled its quarterly profits.
China is moving up the value chain. In the old days, American companies outsourced their manufacturing needs to China. Today, American companies are outsourcing more valuable services, such as biotechnology R&D, to Chinese companies.
Wuxi can not only produce the same [...]
Gome Electrical Appliance is the largest appliance retailer in China and business is booming.
Gome reported a 203% increase in year-over-year profits.
Connect the dots, folks. If Gome is selling a mountain of appliances, what does that tell you about the health of the Chinese real estate market. What does it tell you [...]
Sunday, we flew across the Sierra Madres to Guanacevi, where Endeavour Silver has a mine project. I’ve been to Guanacevi before (the stock is in our Red-Hot Canadian Small-Caps portfolio). While there have been many changes, one thing that hasn’t changed is Guanacevi International Airport. We still land in a horse pasture. Last time, [...]
We hear from Bloombergthat both the United Arab Emirates and Qatar could abandon their currency pegs to the U.S. dollar in favor of a basket of currencies within months, and Saudi Arabia may follow the move late next year. They would all be following the lead of Kuwait, which last year broke from its [...]
Man, what a long day Saturday was. I visited two mines and then took a long ride in a small plane (so that today, I can look at another mine). Here are some photos … First, we tromped into a mine …Next, I’ll show you one of the wider passages of this old mine. [...]
The news media is reporting that the Sichuan earthquake has left 1 million people without clean, drinkable water.
That’s nothing; many millions more have been left without clean drinking water for year. Water pollution is one of the most acute problems in China and some companies are going to make a fortune helping provide [...]
