Excerpt from WallStreetReporter.com:
‘Buy China Now!’ Top Investment Guru Tells Wall Street Reporter
NEW YORK, May 12, 2008 — After the grueling correction of recent months, Paul Goodwin, editor of the Cabot China & Emerging Market Report, says that from a technical perspective, Chinese stocks are looking good again. “We think we finally have a fairly robust buy signal right now,” he recently told Wall Street Reporter. “The China market has some very strong stocks in it.” In particular, Mr. Goodwin currently has his eye on some solid Chinese companies that recently went public in the United States, but have gotten caught up in global market turmoil. Silicon wafer maker ReneSola Ltd. (SOL), for example, got “absolutely slammed by the winter bear” but is still generating steady profit margins supplying the silicon-hungry solar industry, Goodwin tells WSR.
The Beijing Olympics is likely to be good for urban advertising firm VisionChina Media Inc. (VISN) , which runs its ads on screens mounted on buses, Goodwin says. “It is going to do nothing but help them.”
Investors looking for more on what Goodwin thinks about China, the economics of silicon, the Olympics, and why “markets always turn up at the moment when the news is worst” can listen to his commentary at www.WallStreetReporter.com.
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