BOT 5 PKX Stock 99.41 USD ARCA 16:19:29 1.00
I’ll probably write an article in Gurufocus explaining the reasons why I think it’s a good moment to buy now. In a nutshell I like their very small exposure to USA/Europe, their benefit from sales to emerging economies in Asian countries, specially China, whose car industry, among others, is growing, and it’s close to one of the lowest valuations in terms of book value (well under it) and has sales increasing steadily in the last years with a quite decent price on earnings. It also seems to be a good protection against inflation and dollar devaluation. Plus of course I like that Buffett has it too.
Actually, since Japan seems cheap, I was looking for a good Japanese company who had commercial links with China when I realized that one of my stocks (Posco) had exactly that and was quite cheap, so I decided to start adding.
Disclosure: now holding 35 stocks @57.67 avg price