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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (6342)1/8/1998 9:36:00 PM
From: Hunt   of 14162
 
Herm, I think you are right about them being dragged down with the Asian flu. In regards to the American cash on hand it is actually a fairly smart business plan for them. First, most of their sales are in the USA, second, they are buying American companies with that cash(no debt and no dilution of earnings using stock) and third and most important that cash is increasing in value because the currency values in Singapore and Asia are falling, so the production is actually costing them less in dollar terms.
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