SKM, S.K. Telecom, nyse, depressed buy, w/close stop Message Board

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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 20.32

+0.8%

3:59 PM EST

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To: funk who wrote (5)	11/7/1997 4:39:00 PM
From: Jyoti sharma	Read Replies (1) of 122

Aeashley: I have owned SKM for sometime and have averaged down. SKM is a Korean blue chip stock suffering from Korean Market meltdown. SKM will not recover till Korean political and economic problems are solved. SKM has a next year projected P/E of less than 10. Revenues are growing at a fast pace and is a selling at less than half of its growth rate. The stock on NYSE trades at a 40-50% premium of the Korean price. IMO SKM is a long term investment with a lot of short term pain. Good investing

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