Summary: Guerrilla Partner's Peter Siris looks to buy undervalued under-followed stocks, and short overvalued over-hyped stocks.
His longs:
Over-the-counter China stocks can't be bought by Chinese investors, and are largely unknown to local investors. While Shanghai companies are going for 40-50x earnings, U.S.-listed shares are only 8-9x. Three picks: China 3C Group -- China's Best Buy. It turned its inventory 50 times in Q1. China Security & Surveillance Technology -- the leading Chinese surveillance player in a county that now mandates surveillance at every nightclub, internet cafe, bar, and many city streets. General Steel Holdings -- earnings should go from $0.40 this year, to $1.50 and $2 in 2008 and 2009.
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffet
