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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Worswick who wrote (2329)2/23/1998 10:04:00 AM
From: Zeev Hed  Read Replies (2) | Respond to of 9980
 
Worsick, I think that the Korean are showing a pretty good knack at the financial games. Hyundai just sold Symbios for more that twice what they bought it for (after paying themselves a very fat dividend of, I would guess 20% on their investment for two years, not shaggy). In terms of Wons, they sold it for 5 times what they bought it 2 years or so ago. Yet Symbios was one of their few profitable gems, what happens after they are finished selling all the gems? Will there be enough in the till to rise back?

Zeev