Shares & Derivatives
Adding Broadway Industrial Group to my stock pick list…
By Kevin Scully-Financial Blog  •  July 8, 2009
..as worldwide demand for hard disks comes in better than expected... [caption id="attachment_2902" align="alignright" width="150" caption="Photo by zedzap"]Photo by zedzap[/caption] I have liked Broadway before this crisis especially after it acquired the remainder of Compart in July 2007.  This transaction increased the equity stake of its Chairman SS Wong to more than 30% and also made Compart, its most profitable division a wholly owned subsidiary from a 55% subsidiary before. I have been following Broadway since the financial crisis started and we even managed to get a meeting with its Chairman in Q2-2009.  I decided then that it was too early to include the stock as one of my stock picks because the visbility in terms of orders for manufacturing/electronics was poor.  Its still poor but following Seagate's recent uprading for revenue forecasts, I believe that even at these price levels, the stock looks attractive.  I briefly mentioned its Q1-2009 results in one of my earlier Blog posts. What has changed ? Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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