I agree, but the stock is now priced for 15 - 20% growth for 3 years, and the rearview margins are mediocre. Sales look good, though no rearview PE. The next earnings report will be a big thing to support this current price - and it would be nice if they announce a dividend above 60 cents a share May on these ADRs. They are cash flow positive and have that Samsung money from the shares in the Treasury.
The technology is right there in the populist groove of mobile/personal Bluetooth with location. Hot for current speculation. if Samsung gets a little more in bed with CSR, its off to the races.
With all said, I did take a little off the table yesterday to pay myself for 2011's risk taking.
I still have every CSRXF share I got in the SIRF acquisition.
Hey Freshbone. I monitor this as I own and preferred the ADR instead of the "pink sheet" listing for CSR that I got from SIRF. To date - I am just enjoying the 540 % ride I got on these ADRs bought 4 years ago.
See you on the CSRXF board CSRXF board. Honestly, this stock moved too far too fast. I am worried and may take some profit.
I think today might see those swings expand somewhat to the upside. Today's ARM agreement is very very big. CSR is to become one of the main connectivity players in the IOT, an area just now taking off and where growth is so big as to be impossible to even guesstimate.
Hold on to your hat if you're long, this rocket is fully fueled and ignition is about to be engaged.
This is a UK company, traded mainly on the LSE. The swings are news related. They reported earnings today and also released a revolutionary new technology that allows for the creation of simpler devices in the home, connected by Bluetooth rather than wi-fi. They also announced making better than expected traction in the auto infotainment space and provided an update on their exit from the camera space.
And, if all that wasn't enough, Joep van Beurden was on CNN this morning explaining the future world according to CSR.