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 Strategies & Market Trends : Value Investing

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From: Keith O4/6/2011 10:11:24 PM
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Re: Battered Chinese Stocks WATG

Paul,

Have been following your posts for a little while. Read your recent post on the above and having been looking for a Chinese stock to add to my portfolio I looked into WATG that you mentioned you had given up on. After conducting a brief review of the financials and liking what I saw I decided to dip my toe in before the market close on Monday. That evening I dug a little deeper and frankly got spooked by the notice of delisting for not filing it's 2010 10K and other specifics that made me uneasy and lack confidence in their financial reports. I went to bed thinking this one could go to zero. I sold Tuesday and decided to wait for the 10K and see what else I can find. I'm curious to what you liked and didn't like about the company and any informative sources of info. you found on the company or Jinzhou Halla Electrical Equipment Co.
Keith
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