The world of high finance is undergoing tremendous upheaval right now.
With the passing of the US budget, some of the tremors we’ve seen will become earthquakes.
We’re moving back to a place where US manufacturing will reclaim some of its lost glory.
Whereas there will be a leveling of the playing field that bodes poorly for eontec (and some other Asian stocks), we should come out smelling like roses due to LQMT’s ability to produce in the US.
Even better, expansion and equipment purchases will be 100% deductible in year one. That’s a good thing for small enterprise (which we currently are). Though given the cash already in the bank, I don’t see it changing the companies plans in the slightest.
Going forward, I’d ignore eontec’s stock price and just focus on their fundamentals. As long as profit and revenue remain equal to the past, share price means nothing.
The shine is coming off China. The lights are being refocused to your country.
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