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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.310-2.6%9:34 AM EST

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To: Count de Monie who wrote (1013)10/10/1998 1:22:00 PM
From: Ron Bower   of 1418
 
Count,

To quote jrector in a post months ago "I just bought more at $18.50. Never thought I'd see it that low again".

Would anyone expect a company that showed consistent high growth and 18% earnings growth last Q to sell at under 3x earnings, less than BV, about 1.5x cash? The price has been all over the place in the last two years while the company has just steadily increases profits, BV, liquidity, and dividends.

I've said it before "I don't understand the market". I watch stocks like Yahoo and Amazon in disbelief.

I don't feel I've lost a dime on Deswell. I invested in the company and the company is doing fine. I am taking advantage of these prices to add even more to my position (and wishing I hadn't been such a hurry to add earlier -g-)

FWIW,
Ron
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