j,
There I go again, acting like I know it all. Sorry.
I might comment on the Annual Report and 20F if Schwab would ever send it to me.
I DON'T HAVE IT YET!!!
Over the last couple of weeks, I have been posting my thoughts on the below to others, but no one seems to notice.
We are having a major shift in the global economy. Each day we are reading about Russia, Latin and South America are falling apart. Each day we read about US bank exposure to Russia, but US bank and corporate exposure in L/S America is far more extensive. Each day we read about IMF bailouts for Russia, the L/S American defaults are increasing. Regional currencies are devaluing at an alarming rate, banks are near insolvency, governments are helpless to stop the economic carnage.
The US market and the $US are about to be hit, perhaps are already being hit, by the next wave of bad news - the problems to the South.
Where does one make investment? 4.5% bonds? It will be a difficult search for 'value' as investors see the $US and US markets declining, the LA/SA markets down, Russia, Asian countries like Indonesia, Malaysia, South Korea, even Japan still in trouble because of inept politicians. Any company that has a strong cash position, excellent management, and good growth potential will be targeted.
Let's see. Deswell shows $2.37 fully diluted earnings, 18% growth last Q, over $4.00 a share in cash, no debt, $1.00 dividend, etc. Think it will show up on a screening? -g-
I have as much as I've ever had and am very patient. I've appreciated this latest falloff as it's given me a chance to add more at bargain prices. As I posted, my portfolio showed huge losses, yet I didn't even notice because I made great buys on Deswell.
FWIW,
Ron |
