Replies to post #47027 on China Growth Stocks

[tenenbaum]

Even if our stocks had dual listings, however, there would be fungibility issues. They would almost certainly trade at some spread, as can already be seen between dual listed A and H shares. However, it would be nice to show our stocks as relatively cheap.

[ratobranco]

Cross listing - yeah I saw that article back in April, but from the tone it seems like Shanghai is trying to attract actual American multinational companies with a customer base in China, companies like CVX, MSFT, and WYNN, for example. Not American listed chinese small and micro caps.

Either way, it's worth a try. If this experiment is going to work, these companies will eventually need to get listed in their own countries.

BTW What do you think about a CCME dividend? Why would the CEO object? He makes $37K per year right now per the filings. If the company paid out 1/10 of net income in a dividend, his take home pay would increase to $3M a year just based on his equity stake alone.

I don't understand the management aversion to taking a very small amount of net income and distributing it to the actual owners of the company. Let's run a business like a business should be run--for the profits of the owners.