Apple Inc (AAPL)

[langostino]

fmikehugo - worth considering ...

CHT is majority gov't owned and operated (65+%) and the government is looking to unload. In essence, the IPO is the government's way of trying to cash out of a state-run asset.

Which is not surprising given the declining economy in Taiwan. If you check with people who know the region, they'll tell you there is a massive exodus of the most educated twenty- and thirty-somethings to the mainland -- perceived to be the "land of opportunity". That exodus has left Taiwan's broader economy is difficult shape.

The dividend looks juicy ... if they can keep sufficient cash flow to maintain it. As it stands, the dividend has been larger than free cash flow for the last two years. In other words, they're not building book value, they're dipping into it to support a dividend larger than their net profits.