Sino-Forest (SNOFF.PK), a Canadian and Hong Kong-based company that has forestry operations in China, has rewarded its shareholders. The stock has had three upside phases since 2006 yielding a five-fold increase in its price.
The company owns forest plantations from which it cuts tress for China’s pulp and paper, furniture, construction and interior decoration industries.
Like many Chinese stocks, Sino-Forest has experienced an extended price appreciation so be careful with it.
Related Articles:
It's Easy to Make Money on the Upside
Price Upsides Often Occur in Three Stages
No comments:
Post a Comment