More than the drawing board:
biz.yahoo.com
More than half their products for net commerce? If
I'm going to play the net I'm definitely doing it
with HP. Look at the chart - price has gone nowhere
for quite a while but remains in a years long uptrend.
Re: Swisher (SWR) looks like Scudder Kemper just bought
17% of the stock. I can't find a record of any previous
holdings. Fidelity is about finished dumping it.
Re: Deswell (DSWLF), they're adding 200,000 SF of production
capacity in the next 6 months to satiate demand, they're
still growing cash and earnings 30-40% and
the stock isn't moving - it's at 20.25 with a PE < 8 and
a dividend.
Re: a PEG play take a look at Supreme Industries, my
Pick of the month sealpoint.com
Re: NKE in a portfolio I manage but do not post at
my web site I shorted it today. Management just escapes
me- the charges they took are way too small and
acknowledge no inventory problems. So arrogant that
they can't act decisively and with finality. No recovery
until at least Spring 1999, but they're backing 1.92 for
fiscal 99 with single digit/teen earnings next quarter.
So we're shooting back to 40-50 cents late this year?
Cost-cutting might get them there, but they've still
got to charge off those inventories and the job cuts
are a tiny fraction of their recent hiring. Didn't
they recently build a world headQ - the sure sign
of a cyclical top? And are we even sure that there is
a Nike/brown shoe cycle?
Themes I'm playing: strong domestic economy, multinational
earnings slowdown, inflation late 98/early 99, graying
of America, net exploding with insufficient backbone, Asia bad
X 1-2 yrs more, arrogant management, above all else
don't lose money. Yeah, it's all common
knowledge, but the market isn't acting like it.
Mike |
