Hi John,
What a ride, heh? I bought again today. Loaded with PWAV anc CELL now. This is what I think:
PWAV has been a great company for more than 10 years. With last year IPO, it went from 10s to high 40s. Earnings have been great even up to last quarter. If 76% of their business is Korean and everything is working fine, heck, they will not have a problem selling it elsewhere. In fact, this is a great time to redirect sales elsewhere with very competitive prices. Korea will bounce back, when? 6 to 12 months. Maybe it will not be as good as before, but it will bounce back. By the time they do, PWAV will be more diversify and be back at 25s within 6 months to a year. IMF is channeling funds as we speak, the big three Korean companies that bought from PWAV is very well diversify also so, they will have some sort of money. Can't afford to stop investing in technology, not now anyway. Wish I have more money, I load up more and watch it grow. |
