Actions Semiconductor: A True Chinese Value
Between all the unreal growth rates, adventures in auditing and spectacular blow-ups, it has been hard to find China-based corporations with shares that represent good bargains in the current investing environment. However, there are a few Chinese companies with shares that represent the sort of deep discounts that investors typically think of when they hear the phrase value investing.
One of these opportunities comes in the shares of the left-for-dead Actions Semiconductor (ACTS). Brought to market in a traditional IPO in late 2005, the Chinese semiconductor maker almost immediately faced troubles, both legal and operational, as the formerly hot portable electronics sector faced oversupply and bitter competition. Though many competitors merged or folded under the waves of heavy price cuts and lawsuits that flooded the semiconductor industry in the past couple years, Actions survived, though it has taken a dramatic haircut from its $8 IPO price. Now the bruised company's
Complete Story
Comments