Friday, May 8, 2009

With a Name Like Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., it has to be good ( 600111:Shanghai)

In December 2007 I wrote:
How the heck did I miss Mongolia Energy Co. Ltd.?...
The question has haunted me to this day.
[you really need to get out more -ed]

MEco was the number two stock in the Bloomberg Worldwide Index that year, up 5911.17%.
I vowed that I "will study and learn, and one day my chance will come."
[ummm, wasn't that Lincoln?]

So when a reader emailed in response to this morning's "China tightens grip on rare earths":
"How do I participate?"
I had the [a -ed] answer.

IMBSREHTco's parent company has world’s largest rare earths deposits.
[the first letters of the acronym are IMBS, tee hee -ed]

Here's BusinessWeek's snapshot (all Prices in Yuan):
Snapshot of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Ltd. (600111)
OPEN
¥19.80

PREVIOUS CLOSE
¥19.19
DAY HIGH
¥19.90

DAY LOW
¥18.99
52 WEEK HIGH
05/15/08 - ¥24.94

52 WEEK LOW
11/7/08 - ¥5.66
MARKET CAP
15.4B

AVERAGE VOLUME 3 mo
20.8M
DILUTED EPS TTM
¥-0.05

SHARES OUTSTANDING
807.3M
EX-DATE
05/15/08

P/E TTM
NM
DIVIDEND
--

DIVIDEND YIELD
0.00%
K = Thousands M = Millions B = Billions
6 Month Price Performance of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Ltd. (600111)

Here's the extent of my knowledge of Mongolia's fashion scene:

hair
Nomadic chic hairdo
Reconstructed by M.Chimeddorj
From the Mongolia Today article:

Best hairdo, Hun style

Punks, rocks, skin heads... over last decades the world has seen all possible shapes and forms of human haircut. What was in fashion among steppe nomads some 2,000 years ago?

Prof. Bayar's research sheds light into the best hairdos of the past. [ full story ]
Be careful, do your own research. And email if you have editing/trading aspirations.
(requirements/renumeration can be found at "Help Wanted: Trader/Blogger")
[wha? -ed]