I mentioned Spreadtrum (SPRD) stock back in January, when it was trading for just under $1.00 per share. I was watching it because it has over $1 per share in cash. Last Thursday, March 26, Samsung selected the company as a chipset provider for mobile phones. It's good news because the company's future customer base was in doubt.
Shares jumped from $0.95 on Thursday to $1.79 on Friday, but shares fell to $1.50 today. I entered into a half position in my China Fund, the positon is up about 37% from the $1.09 entry. Not great relative to other chip stocks, but not bad relative to the overall market.
Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames)
for $29.50 per Share
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LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Neo Group Ltd. (formerly
known as NeoGames S.A.) (Nasdaq: NGMS) (“Neo” or the “Company”), a
technology-dri...
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