Weekend Update – SAM Buys This Junk Edition (DGW)

Among the stocks halted this holiday-shortened week were Ping Luo stock China Ritar Power (CRTP), briefly discussed here, and Sustainable Asset Management favorite Duoyuan Global Water (DGW).

DGW was halted on the 20th of April, for pending news, and has remained halted all week. SAM is, according to the most recent available filings, the largest shareholder of DGW, holding over 2.5mm shares, a 10.25% stake in the scandal ridden company. Read more about DGW here. It appears that Sustainable’s DGW position was almost 1.5% of total assets under management at the end of 2010. Ouch!

The content contained in this blog represents only the opinions of the author. The author may hold either long or short positions in securities of various companies discussed in the blog. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. This blog is not a solicitation of business: all inquiries will be ignored. The content herein is intended solely for the entertainment of the reader, and the author.
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