>>I just don't know enough about it.<<
I don't either but I know other investors who do.
You know what the "blue sage suit" from Omaha says?
Stick to what you know, or find others that do.;)
Btw
Mark my words S Korea's Samsung is not to be underestimated.
Their global brand name has increased 30 fold.
August 3, 2002
SOUTH KOREA: SAMSUNG SHARE BUYBACK Samsung Electronics plans to buy back $850 million of its own shares to curb the downward slide of its share price on the Korea Stock Exchange. The company said the buyback would include 2.66 million ordinary and 400,000 preferred shares. Samsung's directors reached the decision after the price slipped to 319,500 won from a peak of 420,000 won on April 24. At the same time, the directors said the company, hard hit by the uncertainties of the American market for semiconductors and other electronic products, could not afford new or improved facilities beyond approximately $1.4 billion already committed for that purpose. Don Kirk (NYT)
July 20, 2002
LEAD PARAGRAPH - Technology companies elsewhere may be scrimping and suffering, but in South Korea, the second quarter was bountiful.
Samsung Electronics, the world's largest memory-chip maker and a major maker of cellphones and other products, reported the biggest quarterly profit in its history today and said the rest of the year looked promising, too. With a net income of 1.92 trillion won ($1.65 billion), Samsung made more in the three months ended June 30 than Microsoft, Intel or I.B.M., a comparison that Samsung executives wore proudly today. |
