Big Investor Actually Bullish on China RTOs
Interesting to see a hedge fund manager actually bullish on Reverse Takeover (RTO) China stocks. Peter Siris is a partner at Guerilla Capital Management and has been an investor in China stocks for a long time. What gives him street creed in the current environment is that he has been short several China stocks including Longtop Financial (LFT ) that recently blew up. He didn't talk about Puda Coal (PUDA) in this interview, but he is an investors in the stock so he has done some due diligence on the company and likely visited them. PUDA should be announcing some news shortly on the $12 buyout offer from the Chairman. PUDA was a big investment in our Opportunistic portfolios so we're hopeful that Peter is correct. The $12 buyout would be much better than nothing, but we're still looking for a higher price. After a very one sided market, its nice to see somebody like Peter on CNBC's Strategy Session backing up my theory that the surviving China stocks will trade up. ...