Samsung Electronics (XKRX:005935, Financial) (Samsung) shares struggled during the quarter with general weakness in semiconductor shares and downward earnings revisions. Despite near-term business challenges, we believe Samsung’s stock is incredibly attractive, with around 40% of the market cap in net cash and investments, plus strong earnings from a wide variety of businesses, from semiconductors to displays to mobile phones.
From the Yacktman Fund (Trades, Portfolio)'s third-quarter 2022 commentary.
