FAB Universal (FU_) shares continue to climb after investor Jim Rogers, who also sits on the firm's board, reiterated his bull case for the company. Speaking with Barron's on Monday, Rogers said China-based FAB Universal, which distributes copyright-protected media, will benefit from the Chinese government's plans to strictly enforce intellectual property rights.
Jim Rogers, an international investment guru and co-founder of the Quantum Fund, has joined the Board of Directors of FAB Universal Corp (NYSE MKT: FU) as director, saying he is very optimistic about the prospect of the company and the digital culture industry in China, the global digital media giant announced recently.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.