DB Hitek: Buying a Golf Course Overshadows Corporate Value Up Efforts

• DB Hitek's investment in a golf course operating company is a poor investment, one that destroys shareholder value.

• Most investors would rather have DB Hitek increase shareholder returns through share buybacks/cancellations and dividends as well as invest in its core semiconductor business rather then buy a golf course.

• Given DB Inc's lack of cash, there is a growing possibility that it will use the proceeds from selling its DB World shares to increase its stake in DB Hitek.

I no longer listen to what people say. I just watch what they do. Behavior never lies (Winston Churchill)

This famous quote by Winston Churchill is so important when picking stocks in Korea. DB Hitek Co., Ltd. (000990 KS) is an excellent example of this.