Speaking of undervalued stocks, David. Wintergreen’s of Wintergreen’s funds, a highbquality value fund was Consuelo mack’s guest. He mentioned Swatch as a value play. Apparently watches are a status symbol. (Sri Nawaz Sharif sports a million dollar watch i hear). And these guys live and breathe watches. Good balance sheet yada yada…
Other was Wynn Macau. A gambling play. Wynn is one of 6 companies that can operate in Macau. Unlike Vegas where several players. In China, even “grandma gambles”. # of visitors ( annually?) is 10 million. Expects to grow to 100 million. Do your Math.
As always do your homework.