bolts
September 15th, 2003, 04:27 PM
Took a very small position (10lots) in JEL today after reading about it on wallstraits.com at $0.31/share.
Not entirely convinced it's a good investment. But, it does have some compelling points. First of which is that it goes after markets that no one cares about - Africa, Eastern Europe.
Second, it seems to be profitable and EPS continue to grow inspite of SARS, Sept 11, Iraq war and Bali bombings. Quite amazing for a trading company.
I am encouraged because my other holdings, Food Empire, did well in these untapped markets as well.
Going to see how the market reacts this week before buying more.
Not entirely convinced it's a good investment. But, it does have some compelling points. First of which is that it goes after markets that no one cares about - Africa, Eastern Europe.
Second, it seems to be profitable and EPS continue to grow inspite of SARS, Sept 11, Iraq war and Bali bombings. Quite amazing for a trading company.
I am encouraged because my other holdings, Food Empire, did well in these untapped markets as well.
Going to see how the market reacts this week before buying more.