SWKS CEO is on Cramer tonight. Hopefully he will tell us everything is going to be alright and that the Chinese consumer has not stopped buying iphones.
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Here is the link. Per Aldrich, 20-25% of revenue comes from China. More products are built there but not sold there.
http://finance.yahoo.com/video/cramer-skyworks-depending-chi…
Stock looks cheap to me.
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CEO basically confirming what I think we’ve all been figuring here.
SWKS has 25% revenue exposure to China since most phones aren’t consumed there. The Goldman Sachs 83% figure is incredibly misleading and really wrong.
There is still a lot of growth in China. they said only 20% are on 4g lte network.
The CEO said they also do channel checks and everything is still geared to their growth predictions.
I think this is looking like a buying opportunity.
Please watch the Mad Money video in case I goofed my facts.
CEO David Aldrich was great!
Thanks
Keith
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I am adding again, this is now my biggest position in my portfolio, even bigger than NFLX and SKX.
NFLX was my biggest with 10%
SWKS is now at 125
SKX at 7%
All high conviction stocks for me
Erik
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SWKS 12%, not 125, sorry
Erik
I added a bit… May add more tomorrow. Man, it is getting cheap!
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