Aluminum Corporation of China

We made another small investment today. We purchased shares of China Aluminum (ACH) at $20.99.

Many of you may remember that we bought this stock in April of 2007 at $28.05 and sold it on July 31, 2007 at $50.43.

I couldn’t resist buying the stock back at these low levels.

The 52 week trading range is $20.32 – 90.95.

The Return on Equity is 27.62%

The dividend yield is 3.85%

The book value is $15.38 per share.

The PE Ratio is under 7.

The PEG Ratio is 0.5.

The Growth Rate is 14%.

As I said, we made a small investment. I don’t want to make any big bets on China. I also don’t want to commit large portions of our cash.

Chinese stocks have been getting hammered of late. As you know, we like to look for bargains. This seemed like one.

Stand Fast!