I had a different name back then, “BrokeIntheBurgh”
Hey Rich, I remember you from the GG days and that you were not a very happy MDP member 
It looks like you totally ditched the old identity. Glad your still posting.
Those GG Chinese picks ended up a lose lose proposition. Companies like CMFO and AOB were delisted and a good company like YONG that kept growing and should be in a position to do really well over the next few years is being stolen away from shareholders at a very significant discount to fair value.
Those GG Chinese picks ended up a lose lose proposition. Companies like CMFO and AOB were delisted and a good company like YONG that kept growing and should be in a position to do really well over the next few years is being stolen away from shareholders at a very significant discount to fair value.
From my list of what I look for in a company:
- I won’t touch ANY Chinese company. Not even Baidu. This is due my experience in 2010 or so with 13 little companies (some recommended by MF Global Gains), of which fully 11 turned out to be fraudulent in one way or another. You simply can’t tell what’s going on in a Chinese company. Consider that Yahoo is a major company and owned 40% of Alibaba, and the Chinese CEO blithely gave himself the fastest growing subsidiary as a present without telling Yahoo. If it can happen to a big company like Yahoo, what chance do I have? I probably wouldn’t invest in companies in other emerging markets either.
Saul
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probably wouldn’t invest in companies in other emerging markets either.
Saul, is this the reason you haven’t invested in MELI?
Chris
Saul, is this the reason you haven’t invested in MELI?
Chris, it’s probably the reason I didn’t look into it when the recommendation came out, but the Fool recommends so many stocks, and I only can invest in 25 or so, so I may not have any reason at all for not investing in most of them.
Saul
Hi Saul,
I see that you like pharma stocks.
What do you think of ICPT.
One of my savvy investing friends mentioned that he thought it would go from where it is now (around 220/share) to 600.
Cheers,
MC