Stock price when the opinion was issued
Hard to know what 2024 landscape will look like in the western world. Hard times already felt in China and Asia, so this is a bit of a bet on Asia-Pacific. Mammoth company. Largest DRAM (memory) chip maker. Second to TSM as a foundry, 59% share vs. 13%. Samsung wants to double its share in 5 years. Great report. Yield is 2%.
No ADR. Trades on the London Stock Exchange. Buy in thirds at $1360, $1300, and $1200.
Semi-conductor market feeling lots of pain - resulting share price a good opportunity for investors.
Large diversified business with excellent product range.
Good long term prospects as demand for product not going away.
Very strong brand name.