Deswell Industries (DSWL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Deswell Industries (DSWL)

DSWL 3.830

-5.7%

Nov 19 3:55 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brooks Jackson who wrote (307)	12/4/1997 5:47:00 PM
From: Brooks Jackson	Read Replies (1) of 1418

Some details... The report is by analyst Scott L. Greiper of Barrington Capital Group L.P., New York. His report is dated Nov. 14, and is based on earnings report for the period ending Sept. 30. It is positive, but does NOT make any recommendation, either "moderate buy" or "strong buy." I'm guessing that Zacks/Yahoo applied its own characterization to this report and to Greiper's earlier analysis. To somebody this one looked less positive than the earlier report, I guess. Anyway, Greiper says "at $19 1/2, Deswell is trading at extreme discounts to its earnings growth rate and the average P/E multiples of comparable companies. Applying a weighted average of the 1998 P/E multiples of comparable companies, and discounting this figure by 25% to account for the perceived and actual risks of operating in China, yields a 10.7x multiple and a $26-$27 stock price." So if a target price that's 50% higher than the current price sounds like a "strong buy" to you, then this is no downgrade. I apologize for the confusion I have caused by my original post on this, and for the length of time it has taken to straighten it out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next