Call it the $1 billion friends and family plan. As wealth among the Chinese people increases and the migration to cities continues, mobile telephone growth in China is booming. China Mobil (CHL) is expected to report that profit jumped 20% last quarter. Earnings from the other 3 biggest Chinese telephone companies follow over the next two weeks. Is it too late to play the Chinese mobile boom?
Guy Adami says CHL still has room for growth and this stock isn’t a bad place to park some money.