Brief comments
I am travelling for the next few days and will do a more in-depth write up later this weekend.
We are heading for more interest rate hikes, and that is the final nail in the housing bubble coffin. It will affect consumer spending in the 2nd half and we need to prepare. Customers will be enticed to spend with aggressive campaigns that erode retailers' margins.
Meanwhile, I am very excited about JOYG.
1. Profit was huge. It included some 'one-time' price gouging, but that's still acceptable.
2. Sales missed because of supply problems. JOYG can not build enough. That is incredible to me. Demand has outstripped all possible supply.
On the basis of the above, plus the fact that we are still in positive territory, I am very excited.
We are heading for more interest rate hikes, and that is the final nail in the housing bubble coffin. It will affect consumer spending in the 2nd half and we need to prepare. Customers will be enticed to spend with aggressive campaigns that erode retailers' margins.
Meanwhile, I am very excited about JOYG.
1. Profit was huge. It included some 'one-time' price gouging, but that's still acceptable.
2. Sales missed because of supply problems. JOYG can not build enough. That is incredible to me. Demand has outstripped all possible supply.
On the basis of the above, plus the fact that we are still in positive territory, I am very excited.
posted by Andrew at
7:36 AM
2 Comments:
Waiting for your analysis on RFMD. I guess with the recent cell phone boom in china, RFMD would gain benefit.
Waiting for your analysis on RFMD...
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