Tuesday, May 09, 2006

My little China stock.

Wayne Rogers, aka Trapper John of M*A*S*H the TV show, runs his own investment firm and appears on Fox News' Cashin' In show. I don't know what his investment record is, but his views are always well informed and intelligent, and his calls have generally done quite well. This weekend he gave a little insight into his views on China, and a stock pick.

FoxNews Cashin' In Recap May 6:


Wayne says: China Unicom (CHU)
Friday's close: $9.70
52-wk High: $9.70
52-wk Low: $7.42
YTD Return: +20.3 percent

Wayne Rogers: Mine is China Unicom. I'm going back to China again, if you will, because I think that China Unicom, which has 34 percent of the cellular business. It’s growing constantly. China is going to grow and this will grow along with China. They reported better earnings since last year. The stock is moving up. It's a good stock, good company, solid, if you believe in China, you have to believe in this.


Money Mail

Question: "China and oil are hot, so how does China Petroleum & Chemical Corp. (SNP) look?"

Terry Keenan: Wayne, what do you think? The Chinese economy has grown at 10 percent, despite the naysayers.

Wayne Rogers, Wayne Rogers & Company: I just talked about recommending a Chinese stock, CHU. I owned PetroChina (PTR) and I love all of those stocks. I've said a million times on this program that they are going to be the biggest capitalist country in the world if they maintain their political equilibrium. They are smart and they'll work hard.


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