Ron,
I bought a boatload of AEHCF the day of its IPO, mostly at $10. Sold most of it for $13 a month later, sold the rest at $7 a few months ago.
Why did I sell? Korean business connections worried me, not a country I wanted part of. Sales seem concentrated to Asian customers. Difficult to understand management structure and ownership, mainland Chinese company, not Hong Kong based. 100% stock dilution will dampen reported EPS growth this year. Overcapacity in tv/monitors worldwide. Asian currency devaluations helps their competitors price competitiveness, but not them, as yuan has remained fixed.
Good points were the strong growth. I haven't looked at their latest earnings, which seemed very good. Lower copper prices should help them, as copper is a major part of their product. I'll take another look soon, maybe it is time to get back in. Perhaps you can comment on my negatives above, maybe I was too worried.
Dennis |
