Friday, July 06, 2012

China Metal Recycling purchased

This morning I added a few more shares in China Metal Recycling (HK:773) to the portfolio. The company is still expanding and my expectation that it will continue to benefit from industry consolidation, geographic expansion and (potentially) policy initiatives remains intact. That said, I also expect there to be some margin compression as the company expands.

I paid HK$6.20 for the additional shares.