Mining shares have made fortunes for many in the Philippines. They're a tricky bunch, though.
Back in 2008, the "Bearbull" Ron Nathan noted that this is likely the going to be the sunrise industry.
Well, unfortunately, the U.S. economy had something else in mind. The world's largest consumer market slowed. Manufacturing in China followed suit and minerals were less in demand.
Between now and then, there were also a host of local problems that got in the way of mining's glory days.
Since then, though, I have not forgotten what the insightful Ron Nathan pointed out. Our vast natural resources have hardly been tapped. I think its still only a matter of time.
At the moment, mining stocks are trending down. We may be seeing some good opportunities to buy in.
PX is nearing its 52 week low of Php18.26/sh.
I have always liked this company because it requires the least speculation. By that I mean they actually export minerals as opposed to other listed mining firms that aren't even operational.
I'll be keeping an eye on PX. I'll start purchasing it when it goes below Php15.00/sh.
What's the big deal with call centers in the Philippines
As I imagine the point of view of a fresh College graduate in the Philippines, call centers do not exactly seem like a prestigious choice for work. It's really about the salary. Work is hard, hours are tough and it's hard to call it fulfilling. But there are hordes of Filipinos signing up and taking home a lot more money than they could before. Notably, Filipinos turn out to be really good at customer service thanks to our general politeness and fluency in the kind of English Americans use - something that matters since most clients are American. It turns out there's a practical side to our obsession with American movies, television and music. We can answer their phones. While that's not glamorous, it's a humongous part of the Philippines' recent economic renaissance. I'm all for a common sense approach so this may seem like a simplistic analysis. With more than just a mob of young Filipinos getting what is arguably excellent pay for local sta...
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