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The Money Man Behind Rick Santorum: Who Is Foster S. Friess?For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.
"My favorite speculative, home run idea for 2008 is Man Sang Holdings, Inc.," says Tony Sagami, editor of The Asia Stock Alert.
He explains, "I run at a pretty fast pace when I'm in Asia. Every day is packed with factory tours, meetings with company executives, pestering government and university leaders for their local knowledge, and hitting the streets to see with my own eyes if the zealous Investor Relations departments are feeding me overly optimistic projections.
"When I was in China in May, I completely turned my schedule upside down after visiting Man Sang Holdings, Inc. (ASE: MHJ). I re-scheduled and postponed my entire South China schedule because what should have been a one-hour meeting at Man Sang turned into two full days of tire kicking and fact checking.
"Man Sang Holdings, together with its subsidiaries, is one of the leading pearl merchants in Greater China. The company primarily sells to jewelry manufacturers, wholesale jewelry distributors, and mass jewelry merchandisers, such as QVC, in the US, Europe, and Asia.
"I've been doing this for 23 years and Man Sang Holdings is the most undervalued stock market bargain I have ever seen in my life. At current prices, Man Sang is trading for just 14 times trailing earnings.
"That by itself is a reasonable valuation for a business but becomes a screaming bargain when you consider the entire package. I hope you can now see why I dropped everything and concentrated on Man Sang once I scratched the surface of this undiscovered gem."
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