China Digital TV (NYSE:STV)
CAPS Rating:
engaged in the production of prepackage software
engaged in the production of prepackage software
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Growing market, low P/E ratio, high dividend - I gotta get me some of this!
That's what I thought. So I buy and watch this stock stink continuously. The indexes are up 2% STV is down. The indexes are down 2% STV is down 4%. Comparatively low P/E in its industry, growing market share, dividends. What am I missing? I don't want to bail out of this position but it keeps setting new lows.
A bit of patience is in order; this company shows great promise. Revenues are growing, and will explode once all TV sets have to switch to digital.
I know I'm not supposed to get emotional, but I hate this stock so much I am going to bail out of it the minute it gets back to a point where the loss is palatable.