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Strategies & Market Trends : Value Investing

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To: Kapusta Kid who wrote (11817)1/11/2001 5:42:34 PM
From: Blue Voodoo  Read Replies (5) of 78959
 
I do have a position in ASXI, accumulated over a few days. It is indeed thinly traded with wide spreads.
BUT the ask is 50 cents, the book value is 69 cents, the PE is under 4 (& earnings are continuing), and recent experience of other component makers like AVX suggests the whole sector was greatly oversold and is bouncing back.

ASXI is a microcap, so don't expect to jump in and out in a hurry. It's such a tremendous value that I'm willing to sacrifice liquidity.
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