【do you need a rifled shotgun to shoot slugs】Yacktman Asset Management Comments on Samsung
- By Holly LaFon
Samsung (
005930.KS
)'s stock delivered solid results in the quarter,do you need a rifled shotgun to shoot slugs in large part due to significantly-improving profit trends in the company's semiconductor and display businesses. Due to strong product cycles and tight product supplies, we think these businesses could produce earnings that nearly double in 2017.
In recent months, South Korea has experienced significant political unrest, culminating in the arrest of impeached President Park Guen-Hye at quarter end. We believe the changing political landscape will bring about improved corporate behavior, which could allow Samsung's shares to trade more in line with global peers--and substantially higher than where they are today. Although tensions with North Korea have recently increased, Samsung is a powerful global business whose stock remains, in our view, attractive, due to its well-positioned businesses, low valuation and strong balance sheet.
Warning! GuruFocus has detected 5 Warning Signs with XKRX:005930. Click here to check it out.
XKRX:005930 15-Year Financial Data
The intrinsic value of XKRX:005930
Peter Lynch Chart of XKRX:005930
From
Yacktman Focused Fund
(
Trades
,
Portfolio
) first quarter 2017
shareholder letter
.
This article first appeared on
GuruFocus
.
Warning! GuruFocus has detected 5 Warning Signs with XKRX:005930. Click here to check it out.
XKRX:005930 15-Year Financial Data
The intrinsic value of XKRX:005930
Peter Lynch Chart of XKRX:005930
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