The Chinese are attempting to build their own semi-conductor facility and they need to buy the equipment – this company is who they would buy from. This new demand has caused sales to sky-rocket. The question is, will this sales growth continue. He expects some increased competition in prices so these valuations are at their stretch point. He would prefer to buy at the bottom of the cycle rather than at the peak.

He looked at this in the past, but he thinks there are better ways to get emerging market exposure. Alternatively, you could pick an ETF or conglomerate. He would not be a buyer.

This company is an aggregator of social media for China. It is a very good business, but he struggles with the valuation being so stretched. There is not a great chance it will double in value in a reasonable amount of time. There are better opportunities to get Asian exposure like China Mobile.

This company has exposure to the refinery segment specifically in design and outsources the manufacturing. The balance sheet is very strong with only 3% debt and dividends continue to increase. This is a very high quality company. It is still relatively cheap and he would be a buyer.

The major components in developing a semi-conductor foundry are from companies like this. With the Chinese building new facilities there is enormous demand for the equipment that AMAT-O produces. The question is will the demand continue? The time to buy was 2015. This is a better trade than a long term hold. You could consider shorting it when it starts to show weakness.

It had a pretty good year last year. The business model is now moving into a new phase. Longer term he sees it as a tax on the business community. If you want access to their service you have to pay. You have to be careful on the entry level.

The original owner of the company was responsible for some very good acquisitions. He continues to grow the business by acquisition. The challenge is the valuations are under tight scrutiny. He would prefer Open Text (OTEX-T).