Y’all humans have got Monkey’s brain in a twist yet again. Any idea why when a small island of big brains votes to isolate itself from the rest of the world the price of SWKS, a company with a well-below average p/e of 11 (now 10) loses 15% of its value in two trading days? What’s the logic (or lackthereof) here?
Are we going back to the dark ages where the internet will be no more and smart phones will no longer matter to people? And the interconnected stuff of things will be put on hold and smart homes and smart cars won’t become a thing?
And isn’t the rationale for holding a company with a low p/e that when poop meets the device that makes wind, the price drop won’t be as precipitous as a company’s that has a high p/e? And yet SWKS the stock is acting as though it doesn’t have real earnings.
Will this, too, pass, or are there rotten bananas in the Skyworks business here that Monkey hasn’t put in the compost pile? Any thoughts? Only thing Monkey found himself was the post upboard which seems like another positive development.
Befuddled,
Monkey
(Long SWKS)