re pinks
The only pinks I've got are Chinese deals: ETLT and CAAH.
Both have been hammered, and I expect eventual news to wake people to their merits. ETLT has occasionally traded below cash per share, and the company is profitable. Go figure! CAAH has a good story building, but until the quarterly reports show the profit and the revenue growth and so on, folks will remain skittish. The company only just changed its business from security products and the hope of eventual revenues to a holding company with things like Chinese industrial lubricant dealers. This change will take a while to digest.
One problem facing both companies is the difficulty turning Chinese profits into a currency US shareholders can taste and smell. The currency controls are a problem in that regard.
Assuming China's business environment gets better -- and capital stuck in China becomes less a problem -- I think these companies' prospects for price rationalization is a bit better.
Take care,
--Tex.
Take care,
--Tex.