I came across posco (pkx) in validea some time ago since then it went up and recently went down again on concerns of weak demands in Europe and US for steel. But this article
suggests that demands in Asia mainly China are still growing despite increase in raw prices. On top of that fundamentals of the company look great. Recent outlook from the company looks good too. Another thing I like is that it doesn't depend on the US market.
I liked couple of hidden gems recommendations: UFCS and PLMD.
Hidden gems article for UFCS is here
. Did a quick check on validea with a pretty impressive results based on the Peter Lynch model
PLMD appeared in the older issue
of hidden gems.
I'd like to get your opinion on these stocks or if you like any other hidden gems recommendation I'd try to readup on that.
More on exchange rates:
Heard in NPR today that there are talks about China thinking about letting its currency revalue against dollar. But they will do it slowly...in the long run it may put inflationary pressure on the US economy unless the US reduces trade deficit which is not looking likely in the current scenario. Here
is an article by Eswar Prasad on why China's should go for exchange rate flexibility before fixing their banks. Gives a good insight on the issues China will face in moving towards flexible exchange rates.