To: TideGlider who wrote (13771 ) 1/31/1998 7:05:00 AM From: D.J.Smyth Read Replies (1) | Respond to
bruce, if cpq drops based on shareholder shakeout, it should represent an excellent buying opportunity. strange about cpq is that four analysts in the same day: two downgrade from buy to "outperform" and "market perform", and two upgrade from neutral to "buy" and "strong buy" - illustrates that analysts are confused on this one, and at least the analysts can't tip this water pitcher over unless they all gang it. wonder if analysts aren't concerned that cpq will announce substantive restructuring costs associated with digital purchase. dell, according to our sources, still represents a buy even at the current price. it needs a breakout above $100. Dell they've told is is still "in its infancy" - we'll see about this. dressaur, an excellent long term stock picker likes Taiwan. we bought Taiwan Fund at $15 5/8, it's up to $18 3/4. Taiwan, according to Dressaur consists of many small indepentent businesses, much like China and should come back close to its projected price of $27 within a reasonable time (the price it reached earlier in 95/96). Drassaur doesn't put time frames on his price targets. another interesting pick of Dressaur's is a company which has 25% to 30% of the bicycle and motorbike market in China (by far the largest market share in the region and growing). the company's business is located in Malaysia, and although sales have seen no affect from the currency fluctuation, the market cut its value by 2/3rds. sales of motorbikes in China are increasing as China becomes fiscally dominant in that region. motorbikes are the preferred mode of transportion currently due to cost effectiveness, storage space, etc. Drassaur states its not uncommon to see executives in China on their motorbikes to and from work. i'll look up the symbol if you're interested, it's something like CPPKY, i'm not at the office. the price of this company has remained bottomed out over continued Asian fears, yet sales are increasing. interesting pick of his. Dressaur has visited Asia many times, has many contacts there and is familiar with the region.
