footchester

Gigamedia Reports Reasonable Earnings

Along with HOGS, AOB, CFSG and others, GIGM represents what I believe to be a test of patience. Fans of "Mad Money" and similar shows see no big move after earnings and dump their shares in search of the next big thing. The patient investor sees a stable of companies with no debt, near vertical growth and steadily improving margins. These are not the 'hot' Chinese stocks that climbed up to triple digit PE ratios last year only to be knocked down hard. These are small cap companies with balance sheets that Fortune 500 companies only dream of. As share prices remain stagnant and growth continues to accelerate, we are beginning to see "real" companies with P/E/G ratios falling below 0.20.

I have never felt more confident about a portfolio of "non-performing" stocks.