Huaneng Power closed Wednesday at $39.01. It traded down to $38.00 after hours. It is currently paying about a 3.5% yield, with a price-to-sales and price-to-book floating around 2. In addition to everything I have pointed out here and in the two previous stories, keep in mind that this company has room to grow 500% or more with nothing to get in its way except construction time and the normal economic swings that expanding economies are bound to have.

Can Google or any other companies you can think of claim this level of opportunity? Utilities collect money in good times and bad. If someone built 1,000 homes and 100% of them were foreclosed on for any reason you choose, HNP would just collect its money from the new owners that acquired the properties. The power company is at the heart of all modern development. HNP is China's largest power company and the government is integrally involved in HNP's success.

We bought Huaneng Power at $26.50, so it is not the steal it was then when the metrics were even better and our dividend yield was closer to 5%. As they say it may not be wise to try and catch a falling knife, but I think that if you bought today at a 26% discount to its 52-week high of $48.30 and you make it a core holding in your portfolio, you will be well rewarded in the long run.

Those of you who are new to BloggingStocks can check out my other stories and read Chasing Value or Serious Money to find more potential opportunities and verify my track record as well - INCLUDING ANY BAD CALLS.

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.

See all the posts in this special report:

• Volatile Markets: 11 stock plays for turbulent times
• Volatile Markets: Stick with General Electric (GE)
• Volatile Markets: Huaneng Power (HNP) is my pick for the next 50 years
• Volatile Markets: Target (TGT) is the retailer of choice
• Volatile Markets: Bank of America (BAC) offers low risk, high reward
• Volatile Markets: Starbucks (SBUX) is ready for a comeback
• Volatile Markets: Coca-Cola (KO) is the Real Thing
• Volatile Markets: Bet on Boeing (BA)
• Volatile Markets: Ride FreightCar America (RAIL)
• Volatile Markets: Anadarko Petroleum (APC) has valuable fuel reserves
• Volatile Markets: Dip makes Posco (PKX) a bigger bargain
• Volatile Markets: Steven Madden (SHOO) will wear well
• Volatile Markets: Precious metals are the safest place to be
• Volatile Market: Just ignore it; don't try to time it