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Steven Towns  

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  • Apple: Don't Hope for a Stock Buyback [View article]
    Get 'em Chad. I'm with you: silly & a disservice.
    Feb 26, 2010. 12:47 PM | 1 Like Like |Link to Comment
  • 'Dumb' Americans Stuck With Simple Interfaces (AAPL) [View article]
    Citibank's response: "All shares of Samsung must be purchased and sold through a broker of your choice. The Samsung shares only trade in the US on the Portal exchange which is only accessible through a broker. The ticker symbols for Samsung are below: SAMPP- Samsung Corp SACPP-Samsung Corp SAEPP-SamsungElectroni... SEEPP-Samsung Electronics SASDI-Samsung SDI Co."
    Nov 11, 2005. 12:14 PM | Likes Like |Link to Comment
  • 'Dumb' Americans Stuck With Simple Interfaces (AAPL) [View article]
    Unfortunately Samsung doesn't seem to have shares traded in the U.S. (However their IR site says to contact Citibank as an option to purchase shares for investors residing outside of Korea). I think the best option is to go with iShares MSCI South Korea Index (ticker: EWY). As of the end of Sept., it consisted approx. 22% of Samsung Electronics and about 7% of other Samsung businesses. It is often said that "Samsung is Korea" or "how Samsung goes, Korea goes." Nonetheless, EWY may be preferable to trying to buy Samsung directly because you also get some of POSCO (steel) and Hyundai Motor, which just invested in a billion-dollar plant in Alabama. EWY also holds shares of LG Electronics and LG Philips LCD and a small ~1% position in Kia Motors. I emailed Citibank about the Samsung GDRs and I'll let you all know what I find out.
    Nov 10, 2005. 03:31 PM | Likes Like |Link to Comment
  • 'Dumb' Americans Stuck With Simple Interfaces (AAPL) [View article]
    And it looks like Samsung is only getting started. See this article from today's Financial Times that says Samsung has just unveiled a $45 billion investment plan over the next 5-years. The bulk of this R&D will be in its 13 "growth engines" including high-capacity memory chips, next-generation display devices, mobile telecommunications and digital TVs. The only worrisome thing (but impressive at the same time) is that Samsung is said to account for about 15% of S. Korea's GDP!
    Nov 9, 2005. 01:29 PM | Likes Like |Link to Comment
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