Comments on: “Billion Dollar China SSE to Own RIGHT NOW” Bill Mann http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 20 Mar 2010 16:05:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Ken Fritz http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html/comment-page-1#comment-4843 Ken Fritz Thu, 28 Aug 2008 00:29:13 +0000 http://www.stockgumshoe.com/?p=458#comment-4843 Bonnie's articale pretty much expresses my feelings as well. Crooked politicians, judges and lawyers are selling out the working individual in this country. They have filled their pockets at the expense of the working middle class and crooked politicians (get their cut too)have assisted them with laws that makes stealing legal for them. Bonnie’s articale pretty much expresses my feelings as well. Crooked politicians, judges and lawyers are selling out the working individual in this country. They have filled their pockets at the expense of the working middle class and crooked politicians (get their cut too)have assisted them with laws that makes stealing legal for them.

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html/comment-page-1#comment-4824 StockGumshoe Wed, 27 Aug 2008 11:40:52 +0000 http://www.stockgumshoe.com/?p=458#comment-4824 Remember that "oldest private" doesn't mean all that old in China -- or necessarily, all that large. That oldest steelmaker is now one of four major subsidiaries of GSI (DQ Steel if memory serves). GSI, the company teased, is still under a billion dollars. And for the most part, I don't think many private Chinese companies have taken on huge liabilities for pensions, though I could be wrong. This is worth investigating, since China is an aging society not unlike our own in some ways, but my general sense is that the "iron rice bowl" (their version of "safety net") is moving from the responsibility of government to the responsibility of individuals, not necessarily of businesses. That sense could be totally wrong, and, being China, this picture could change at any moment. That's part of the reason why these companies are cheap, the landscape can move under their feet. Remember that “oldest private” doesn’t mean all that old in China — or necessarily, all that large. That oldest steelmaker is now one of four major subsidiaries of GSI (DQ Steel if memory serves).

GSI, the company teased, is still under a billion dollars. And for the most part, I don’t think many private Chinese companies have taken on huge liabilities for pensions, though I could be wrong. This is worth investigating, since China is an aging society not unlike our own in some ways, but my general sense is that the “iron rice bowl” (their version of “safety net”) is moving from the responsibility of government to the responsibility of individuals, not necessarily of businesses. That sense could be totally wrong, and, being China, this picture could change at any moment. That’s part of the reason why these companies are cheap, the landscape can move under their feet.

]]> By: Denby45 http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html/comment-page-1#comment-4822 Denby45 Wed, 27 Aug 2008 06:39:47 +0000 http://www.stockgumshoe.com/?p=458#comment-4822 Travis I first got a teaser from Bill Mann about this one in late June when it was trading around $20. I liked the sound of it and put it on my watchlist. I was really glad I didn't buy but I think now it is much more attractive after the Chinese market has plummeted. I am sorely tempted. I missed the other Bill Mann one in July about the Steel Stock but yesterday received what I think is a repeat of that very same teaser. So he is promoting it again. However he does say that this company is "China's oldest private steel producer" and that means they will have a huge overhead of ex-employees, current and future who's pensions they have to pay until their deaths. In the short term it might be good but in the long term I don't find it a good investment. Den Travis I first got a teaser from Bill Mann about this one in late June when it was trading around $20. I liked the sound of it and put it on my watchlist. I was really glad I didn’t buy but I think now it is much more attractive after the Chinese market has plummeted. I am sorely tempted.

I missed the other Bill Mann one in July about the Steel Stock but yesterday received what I think is a repeat of that very same teaser. So he is promoting it again. However he does say that this company is “China’s oldest private steel producer” and that means they will have a huge overhead of ex-employees, current and future who’s pensions they have to pay until their deaths. In the short term it might be good but in the long term I don’t find it a good investment.

Den

]]> By: A.Nony Mouse http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html/comment-page-1#comment-4821 A.Nony Mouse Wed, 27 Aug 2008 06:08:27 +0000 http://www.stockgumshoe.com/?p=458#comment-4821 Did the dissidents give up their rights? Did human rights protestors give up their rights? Did Christian athletes with Bibles give up their rights? Actually if you read the Chinese press, the admission by the Chinese is well, uh yes they did because of increased scrutiny. As to the terror threats, in a VERY closed society it's more likely those "threats" were a pretext to crack down on any thing the govt didn't want exposed. Did the dissidents give up their rights? Did human rights protestors give up their rights? Did Christian athletes with Bibles give up their rights? Actually if you read the Chinese press, the admission by the Chinese is well, uh yes they did because of increased scrutiny. As to the terror threats, in a VERY closed society it’s more likely those “threats” were a pretext to crack down on any thing the govt didn’t want exposed.

]]> By: Big Mo http://www.stockgumshoe.com/2008/08/billion-dollar-china-sse-to-own-right-now-bill-mann.html/comment-page-1#comment-4819 Big Mo Wed, 27 Aug 2008 02:25:26 +0000 http://www.stockgumshoe.com/?p=458#comment-4819 I doubt that a $114M and $27M contract to install camera systems is "coveted and lucrative". Usually, the bigger they are, the thinner they're bid, since the competition on contracts this size would be huge. Personally, I'd like to see the bid results from all of the bidders, to see what kind of money these guys left on the table. The second problem is manpower. Nobody has an installation force that big, just sitting around waiting for the phone to ring. Which means you have to hire warm bodies to put the systems in. Warm bodies take longer to install things than experienced techs do, so those thin profit margins can start to evaporate very quickly. Doesn't sound lucrative to me. I doubt that a $114M and $27M contract to install camera systems is “coveted and lucrative”. Usually, the bigger they are, the thinner they’re bid, since the competition on contracts this size would be huge. Personally, I’d like to see the bid results from all of the bidders, to see what kind of money these guys left on the table. The second problem is manpower. Nobody has an installation force that big, just sitting around waiting for the phone to ring. Which means you have to hire warm bodies to put the systems in. Warm bodies take longer to install things than experienced techs do, so those thin profit margins can start to evaporate very quickly. Doesn’t sound lucrative to me.

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