Wade: the China microcaps have been going down since January 2010, a period of 17 months and counting. Even at these incredibily low PE's, none of them are buying back any shares. That's a glaring lack of fiduciary duty and while one can't directly call it fraud, it's tantamount to fraud. They've made a mockery of shareholder interests and I consider them all junk, way below investment grade.
The ChinaMicro100 Index (CHVMC11) is making new lows again today ....
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