I was looking back today, and I realized that since I have purchased shares of SMTC, they really have made no strategic mistakes. They are a well run company, that's about all there is to say on the matter.
They got punched in the nose with the rest of the semiconductor companies, I suppose they could have been quicker and moved to the banking sector prior to the price decline occurring :o)
I'm loooooooooooooog on this one, it keeps looking better each time I think about it, and there is only increased demand in the future for their products.
Regards, JB
--- OFF TOPIC ---
Would you have a chance to take a cursory look at PENG and see what you think? JP, wouldn't mind if you took a glance too :o)
1. Terminated lucrative contract expiring in 2005 to obtain cash.
2. New land and oil/gas drilling equipment purchases this past year.
3. New stock option plan with 600,000 shares (but only 60 employees).
4. Major insider shares traded prior to oil sector collapse & announcements.
5. 10Q from November, 97 discusses strikes on deep (15000 ft wells).
6. Smaller institutional sponsership (about 17%)
7. No debt, based on current information.
7. Great earnings & revenue growth; high profit margin & ROE.
8. Announcements & news suppressed (earnings due about 2/13/98).
I think they might do well, Year of the Tiger (grrrrrrrrr)! Do you see any holes on the surface? |
