The St. Joe piece is at:
pathfinder.com
Thanks Paul. The article is essentially a carbon copy of my
Investor "Top Pick for 98" piece on St. Joe, except I was
told to do it in less than 400 words. No surprises, and I agree
with the article.
The Telebras piece is interesting, but again it's nothing new.
I feel it is a very very big deal that all 12 pieces will trade as
ADRs. For a 2nd world country, Brazil is acting awfully sophisticated
and proper in its dealings with the world currency markets
and US investors.
Along with Deswell, these are my three biggest investments.
I've said enough about Deswell. If it ever falls below 20 again,
I'll buy more again.
Has anyone here taken a look at Adaptec (ADPT)? Historically, the
company has earned high ROE and adapted well to various
movements in the PC world. Management is now taking
heat, earnings are falling short, and the stock is trading
way down. Even the bulls can't make a good case for it.
And I'm on the verge of buying it.
Did everyone see the Bill Gates/Callaway Golf advertisement
entitled "I Love a Big Idea." I wonder how they pulled that off.
Anyway, Callaway is another company that is getting punished
but I feel has shown great innovation and returns. Best of
all, it is easy to see past the current troubles. Looking to
pick it up too.
Hewlett Packard derives only 20% of its sales from PC's.
What a great opportunity to pick up a technology stalwart
that you know will be around forever. I can't believe it
moves so lock-step with the PC cos. I'm already in.
If I'm going to invest in PC's, then I'm going to invest in
Micron Electronics (MUEI). I just finished shopping for a PC,
and there's no doubt they were the only ones that could
supply what I needed. What other PC maker is developing
chipsets more advanced than Intel and released before
Intel? Even after it's current run to 14, it is the cheapest
PC maker by just about every ratio, next to Apple. But there's
no debt and there's a substantial amount of cash, and
yes, there's a research department. A visit to their web site
shows they are finally getting it right. They seem to be
implementing the JIT model well. With their operations getting
in line, they become an easier takeover candidate and should
move to more fair valuations.
Sorry for the long note. I can't update my web site or write
articles since I have no PC (it crashed and burned), and
this is an easy outlet.
Mike
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