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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop
SKM 19.92-0.9%2:59 PM EST
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To: Brett Nelson who wrote (78)1/21/1998 9:44:00 PM
From: Jyoti sharma  Read Replies (1) of 122
 
Brett,

I am out of SKM now but will buy it at a slightly lower price inspite of the premium. Long term I expect SKM will trade at a P/E of over 30. SKM is not only in Korea but also has interests in other countries. IMO Korea's current problems will also help SKM with its competition. The major risk here is the financial condition of SKM's parent Sunkyong group. So far I have not read any thing advese about it. Good luck with SKM

Jyoti
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