The Samsung Galaxy -- 2

The South Korean maker of cellphones, tablets, memory chips, display screens and televisions is out of favor in the investment community because of concerns about plunging profits in its mobile-phone division. Investors, however, may be overreacting because the company remains highly profitable thanks to the strength in its semiconductor business. It’s the world’s leading maker of memory chips. Samsung shares ([login to view URL]), which are mainly traded in South Korea, recently fetched 1.12 million won each, or about $1,060, based on an exchange rate of 1,060 won to the dollar. The company has a market value of about $150 billion. Fans point to a flush balance sheet with $60 billion of net cash and investments, equal to 40% of its market value.