makes IRF a great buying opp for exactly your reasons. Thats' why I try to buy only when the semi's are getting whacked. So far IRF has always come back strong. The extra bonus this time is that the entire nas got whacked!
m1emone Maybe we're going about it the wrong way. Since all we have is good news about IRF and it keeps dropping maybe what we need is bad news so it can finally justify itself in everybodies mind as to why it is going down. Then, at that point everyone will know why it went down so they can start buying to bring it back up. oversaul
Agreed, we must be going about this the wrong way.
I've read all the publicly available info I can get my hands on and continue to reach the same conclusion: This market's nuts....or maybe I am nuts for continuing to believe that the market will soon behave rationally with respect to IRF's valuation.
I called Ms. Wagers this afternoon to see if she would add anything to our knowledge base. I knew what the answer would be ("I'm sure you're aware that we're currently in a quiet period").
It's out of her hands, really. However, when I mentioned the consensus estimate of $.58 and the fact that I've scoured the press releases, company presentation, and 10-K for a hint of weakening fundamentals (I've found none), she did add (exact words), "We entered our quiet period with our business VERY STRONG."
It doesn't sound like much, but still it was good to hear confirmation from our VP of Investor Relations. I thanked her for her "hand-holding."
Here's a thought:
When IRF meets the Q1 consensus of $.58, that will be a 480% increase from the prior year's $.10.....from a company with a 22.8X P/E ratio. That should get some attention.
I heard a business analyst on the radio discussing the chip sector and he described general purpose chips as those chips "which go in everything from toys to washing machines". That's right up IRF's alley. It is not a comforting thought. What happens if a few of those strong buys are downgraded???