Hongguo (PE < 10)

Entered into Hongguo once again at $0.275. I remembered the days back in early 2000 when i bought this stock at $0.27 and exited at close to $0.50 . I believe the business fundamentals are still there and at current valuation, it should be a good entry. They have managed to increase their point of sales outlets across China steadily and have likewise tied up with some major brands to improve their products.

Was a bit apprehensive about entering as the stock price might still drop even further but I guess nobody can ever time the market perfectly.