Addi, and everybody,
Since last Oct., US dollar has appreciated substantially, even excluding
the Southeast Asia's financial distress. If you factor this appreciation
into the revenue and operating income, I see an increase of much more than 12 %
and 32%, respectively. I don't see why the number "44 cents" is so magic.
If everybody simply looks at the balance sheet( return on asset, return
on equity, p/s, p/e, etc.), one would realize what a sound business share
holders are owning. Plus, I failed to see why a 32% earning growth is
something to feel shamed about. Especially when you look at the valuation
of MSFT, GE and KO! Business goes through good time and bad time, as
long as the management is honest and visionary, I would continue to pour
money into this "sucker!".
JMHO from a long term holder.
Da bull. |
