Monday, September 08, 2008

More CHC Helicopter and Out Of China

I took some quick profits in my China play by selling the Xinhua China ETF 25 (Ticker: FXI) @ $39.41 generating a return of 1.67%. I decided to deploy the cash into CHC Helicopter (Ticker: FLI) @ $29.22. This deal is expected to close early next week. The company is waiting for some European approvals. The Europeans do tend to drag things out, out and out… But all signs are pointing to the company receiving the approvals. I’ll get back into China soon. The long term story is just too compelling to ignore.


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