I see several stocks getting very beat up due to tax-loss
selling, but I don't see much change in the fundamentals:
CREAF, which I just discussed now at about 20 1/4. PE of 6.8
and improving business with very strong finances. The whole
Soundblaster brand is on the block for only about 1.2B, which
is roughly sales despite 50% ROE.
QNTM, which is getting absolutely massacred for no reason,
now at about 24. It has the world supply on the next gen
MR head componentry, has a potent product in its DLT line,
and is now at a PE under 10, with a high amount of its
expenses in R&D. ROE about 30%.
OXHP, which is getting massacred as well, now down another
10+% today because the CEO didn't show for an analysts'
meeting. At $21, it is steal by every measure
I can come up with except management credibility, which
is getting thin.
Green Tree (GNT), which has been very successful, now is
getting slammed because customers prepaid too many loans.
IOW, the loans are higher quality than we thought, so
let's slam the stock. Doesn't make sense, but now the
stock is back at $30 from $50.
DSWLF, which Ron has been researching a lot, is also at
a single digit PE, albeit that is its historic norm. But
it is growing now, generating cash, and seems pretty well
positioned even though its in China. Completely misunderstood
is the only reason I can think of that it is now over 33% off
its highs.
Good Investing,
Mike |
