COSCO - Part II

Mr. FOO

I am not a basher of COSCO, formerly APM, and I believe I could make money with this issue with proper timing. But until such time that the value of Mr. FOO is known, I will patiently wait. Rumor has it that it is really low - P12 to P15.

At P15, the current price of P16.xx has a goodwill of 6% to 10% which is probably justified for the holding company of one of the richest persons of the country. But at P12, that is a lot of goodwill; I will choke.

Imho.

Portfolio as of 11AM, 05/22/13