-- Anyone following GSH - Guangshen Railway - these days?
-- Next to Japan, China is the #2 trade "imbalance" partner we have. I don't see the Chinese currency depreciating anytime soon. Especially since they also have like $100 or so billion of our T-bills to support their currency.
-- As I recall, GSH has a monopoly on some critical rail lines. They're sitting on a ton of cash. Bear Stearns did an ipo for them about 2 years ago which I was involved in. I think the ipo came out at around $19. Stock was as high as $25. Now it's only $13.
-- Doesn't make sense. Anyone else think GSG will go up or down?
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