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 3.630

-1.6%

12:53 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shane M who wrote (649)	4/15/1998 10:22:00 PM
From: kolo55	Read Replies (1) of 1418

I'm not really the person to answer your question. I don't know much about the financial irregularities in HK stocks; try the Hong Kong thread with this question. I have done a lot of work in evaluating stocks in the Electronic assembly business, and I think Massachusetts seems to be a hot bed for irregular financial reporting (ggg). Two ECM companies in Massachusetts had terrific margins and excellent earnings growth, Centennial Technologies and ACT Manufacturing. Centennial commited fraud by booking a fictious product at a cost of $5 and sold the same product for a $1000 (nice profit margin that), and thereby inflated sales a bit, and earnings a lot. The CEO Mr. Pinez is in jail. This stock was the best performing stock on the NYSE for 1996, and one of the worst for 1997. ACT Manufacturing just reported that they lost $13M of inventory (over 20%), although they aren't sure what was lost and where it went. I happen to own some ACTM stock, so I should know more than this, but I don't. I'll pass your thanks for the 'bear case' on to ol' Yeller. But as for me, I really think the problem with Deswell is too many Yellow Bulls; I only know of one Yellow Bear. Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next