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 19.93

-0.8%

3:59 PM EST

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To: Rational who wrote (66)	12/30/1997 9:06:00 PM
From: Jyoti sharma	Read Replies (1) of 122

Sankar, I agree about the caution part. I have been watching this company for some time. SKM is expected to earn $ 0.52 in 1998 (using 1500 won to a dollar). SKM has been growing at a greater than 25% rate. Korean blue chips have historically traded at P/E of over 30. Even with Won staying at current levels I am hoping SKM to trade over 15. There are two risks the big one is that the Korean economy really tanks and SKM has earnings short fall. Even in this case I expect SKM to gain market share. The other has to do with a small possibility of Korean default sending Won into a tail spin. I have been to Korea a few times on business and have some understanding of Korean character. I am hoping Korea will learn the lessons from this crisis and emerge a stronger nation with in two years. Your premium calculation is correct SKM premium now is slightly over 100%. Jyoti

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