"LSI... looks highly attractive at these levels. In particular, while shares of the company have largely remained stuck in a tight range over the last several years, I believe that a number of fundamental catalysts/drivers set to kick in over the next year should drive meaningful upside to the shares. I believe that if the company can simply execute on the opportunities it currently has in front of it, shares are worth about $12 today, suggesting upside of 52% from the most recent close." Anyone have a comment?
Yeah right! These ANALysts are full of fraud:
1) They kept upgrading AMD 2-3 days before their earnings, after earnings down 25-30%
2) They kept upgrading NFLX before earnings, after earnings down 20%
3) They kept upgrading BRCM before earnings, after earnings down 10% (in the morning today, jury still out)
My point is, all these upgrades 1 DAY before earnings are very very fishy and actually contrarian. They must have some big client who wants to get out before earnings, most likely. Otherwise, I cannot think of a single reason an ANALyst would like to help the retail crowd make money. Can you?
I agree with you, one tells you to buy another one tells you to sell. You don't know who to believe. The only analyst who's opinion I follow is, value line. Not that they are always right, and they too will sometimes change their opinion, but they seem to be pickier and more detailed than most others out there. In case your interested you can read their opinions for free, their book is avail. at your local library. They have a favorable opinion for LSI in the short term, and a highly favorable opinion of them for long term ( the next several years ).
The guy that wrote the article is smart and knowledgeable but his assessment of LSI is not complete. He has also written many times very positively about INTC and very negatively about ARMH. His predictions were wrong.. Regarding LSI, the key is "if the company can simply execute on the opportunities it currently has...". The fact is that LSI has not been consistent in its performance. Because of its checkered past, LSI is an unloved stock. It is not worth "about $12 today". I will ride it to $9 and then start selling gradually depending on the outlook then.