CCME, RINO, TRIT

Hey guys,

 

I thought I'd come here and ask for advice.

I only have cash to buy in one company right now (I'm tied up with other (red) investments, waiting for them to rebound a bit before taking the losses).

 

I'm looking for a solid long pick, can't afford a loser right now, so I'm looking at these 3. (CCME, RINO, TRIT)

 

All of them have good balance sheets.

At the moment, TRIT & RINO are trading at 30-40% less than their highest price.

TRIT is gonna have to do a secondary soon, so I guess it's not a good idea to get in now..

 

So my question is, which one you would prefer at today's levels?

Also, will the selloff of china stocks end soon in your opinion?

 

Thanks ! :)

 

 

Reply: tricky business as china or the etf $fxi has broken all support...china has been known to do that though because of the volatility...china had a 20% correction in august. everyone thought they were entering a bear market. 

 

there is no best stock....you have to decide which market you want to invest in then go towards the sector. Trit and RINO are both in the watertreatment business as china govt is funding a lot of money towards tehre. pollution sucks in china and they will have water problems soon.

 

CCME is more of an advertising company. this company is tricky as they are a SPAC which means they are a blank check company that is buying up chinese assets.....the reason i like ccme is that VISN and FMCN are both in their space and carry huge mulitples compared to CCME.

 

sometimes when i cant figure out what is the best play i spread my risk and take partial positions in multiple companies.  but the big thing with that is these are all chinese companies so if their market goes down they all go down.