Templeton International, Inc. became a substantial shareholder of China Minzhong last year in May 2012. Their additional purchase of 980 lots at 84.56c a share pushed their ownership from 4.91% to 5.08% of the company.
As of 10 Dec 2012, Templeton owns some 13.05% of China Minzhong's common stocks. They bought more when the share price sank and they have also been buying as share price recovered. They are accumulating continually and some might even say, aggressively.
Dr. Mark Mobius of the Templeton Emerging Markets Group said this on 11 Dec 2012:
Successful investing is not only about picking the right stocks, but also finding values others may not recognize. We think the best way to determine if a stock is a value really boils down to growth.
During market downturns many stocks can be cheap, but if there is no future growth potential, than that stock could be ......
Templeton International, Inc. became a substantial shareholder of China Minzhong last year in May 2012. Their additional purchase of 980 lots at 84.56c a share pushed their ownership from 4.91% to 5.08% of the company.
As of 10 Dec 2012, Templeton owns some 13.05% of China Minzhong's common stocks. They bought more when the share price sank and they have also been buying as share price recovered. They are accumulating continually and some might even say, aggressively.
