JamesBB
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Foxconn offered $12.6M government subsidy to stem layoffs linked to iPhone 6s order reduction, repo
Shares are now trading at a forward PE of 8-9... about the same level it touched in 2013 when we went through the same nonsense (also with the help of WSJ). It may dip another 10%, but it may also correct 40% to 140 and still be very cheap compared to Microsoft, Amazon, Facebook and Google... just change the narrative and it will happen. That's how the street works. Those who control the narrative, controls the price. Accumulate at these levels and hold the stock minimum 2 years.
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Foxconn offered $12.6M government subsidy to stem layoffs linked to iPhone 6s order reduction, repo
It is no secret that:- Foxconn has been investing like crazy in robots/automation over the past years (which SHOULD result in layoffs for them) and...
- Apple has reduced their dependency on Foxconn as the single assembly supplier and are now increasingly giving Pegatron their share...
