Semiconductor Manufacturing Int'l (ADR) (SMI)
The Company is a semiconductor foundry. It currently provides semiconductor fabrication services using 0.35 micron to 90 nanometer process technology.
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Will return to prfitability as demand will grow.
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25% increase in growth this year
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http://www.fool.com/investing/value/2009/01/14/5-deathbed-stocks.aspx?source=itxsitmot0000001
I just don't think this company is going to make it.
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hoping this small semi conductor adr stock bottomed out at the end of 08' and will make some upside this year.
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I am a long term stock fan and this one is on my list for for that very purpose.
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A semiconductor company in Asia that has been growing its infrastructure. Just successfully achieved the 45 nanometer fabrication and so is poised for growth. When the beaten down chip market picks back up, it will climb. Otherwise, seems to be tracking the market for now.
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The stock had been sliding this year because of the memory price slump. Tuesday's elevated trading price is still 23 percent below the stock's value at the start of the year and is a full 47 percent below the stock's $7.49 trading price this time last year.
It had a bump with the speculation of a big fish bringing in money to relieve the high debt of SMI. Rumor mill has not proven out. Until it does this dog is going to keep falling of the porch.
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Company depends on making a commodity: memory. Some talented people might turn it around but my hope is it gets bought out.
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Wall street has bulled up almost all china stocks. There is no way they left this China Semiconductor stock. Just buy in and wait. There will be a day SMI increase 20%.
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SMIC is the poster child for China's push to build itself into a high-tech powerhouse. Government subsidies and the government-supported growth of the Chinese fabless industry work in SMIC's favor

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