Replies to post #71 on Asia Pacific Wire & Cable Corp (APWC)

[mandjb]

Easy, snakes

I HAVE done the math but there certainly is still risk.

The history of AWRCF and their predecessors is littered with corruption. lies, and theft. Do your own DD and you'll see what I mean. Go back years - don't give up until the whole PEWC situation in all its disgusting shame is clear.

I agree that the risk/reward for AWRCF looks attractive...given what we've been told. Sadly, nothing we've been told before has been reliable. To blindly believe the numbers in old filings is...optimistic...and to dismiss the risk which this company has exemplified is..optimistic.

Having Dell involved certainly adds credibility and confidence. That's probably why the stock has tripled. That said, there are still no guarantees as to the validity of the incomplete info we're getting or the resolve of management to break historical norm and resist looting the company.

I am not emotional, despite your claim. I am realistic. You may have less history than some of us with this company or Chinese companies in general..or maybe you don't. In any case, there's no way this company should get an industry multiple until it has a history of delivery and credibility.

So, we gauge the risk differently here but both believe the risk/reward is attractive. That puts us squarely on the same side.