James Dutkiewicz China Shanshui Cement Group CSCGY-OTC PAST TOP PICK Jul 07, 2014

10.5% bond maturing April 27/17. With a 10.5% yield maturing in less than 4 years, he feels he is getting paid for the risk. One of the largest cement companies in China and has been deemed to be one of the consolidators in China in the cement and concrete business. They are 3X levered.

10.5% bond maturing April 27/17. (Top Pick August 13/13, Up 9.00%) Second or third largest cement company in China. Gov’t wants to see further consolidation in the industry. Short maturity and high coupon and he sees it as a core holding.