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.
Oil-Dri Completes Strategic Acquisition of Ultra Pet, Strengthening its
Position in the Cat Litter Industry
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CHICAGO, May 01, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America
(NYSE: ODC) (“Oil-Dri”), a leading manufacturer of sorbent minerals
including cl...