A quick note about Nanologix

David Pinsen — Fri, 26 Mar 2010 23:01:58 +0000

5 day chart for NNLX

I contacted the fellow who brought Nanologix (Pink Sheets: NNLX.PK) to my attention initially (Barry B.), asking him if he’d be interested in writing a guest post about it here. My e-mail caught him on vacation in Belize, but he said he’d take as stab at a guest post here when he got back. Barry knows a lot more about this one than me, so, in the meantime, if anyone has any questions about this company, leave them in the comments and I’ll see if I can get Barry to address them in his post.

New position: NNLX.PK I picked up a few shares of this company today,...
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The cheapest stock market in the world gets cheaper

David Pinsen — Sat, 13 Mar 2010 19:13:44 +0000

A couple of years ago on the old blog, I posted about how cheap Venezuela’s stock market was. Back then, it had an average P/E of 2. Checking the FT’s Yield & P/E by Country (PDF) today, the average P/E is now 0.4 (though the average dividend yield has dropped from ~20% to ~15%). As I mentioned in the old post, the obvious explanation for the low valuation is the fear of nationalization or expropriation by the Chavez government. Thinking about this some more though, I wonder if it would be possible to pick a small basket of Venezuelan companies unlikely to be nationalized or have their assets expropriated. Offhand, I would think the best candidates for this would be relatively small, niche, companies that serve business customers, particularly ones that require enough skilled labor that the workforce couldn’t easily be replaced. Might be worth doing some research on this.

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A quick note about Nanologix

The cheapest stock market in the world gets cheaper