Wednesday, August 15, 2007

Buying opportunities emerge amidst the US sub-prime turbulence

Over the last month or so we have seen sharp pullbacks of stock markets around the world, due to the problems and concerns about the US sub-prime mortgage market and its ripple effect.

While the stock market is now retreating to a probably more reasonable level of valuation, some shares have been unnecessarily depressed and are now offering excellent buying opportunities. The stocks on our watchlist are:

JD Group, Ellerines, Nedbank, PSG, DRD Gold, Goldfields, Aspen.