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RF Micro Devices Inc. Message Board

  • bonrusso bonrusso Jun 7, 2013 4:47 PM Flag

    DA DAVIDSON has a good point

    One of the reasons I bought RFMD is as long as the overall smartphone market continues to grow (which it should for many years) you are in "good shape". RFMD as they stated in the conference "learned their lesson" and truly are diversified and seemed so CONFIDENT (in fact overly confident which is good) on TUESDAY.
    I truly don't believe the PUKES do anything but manipulate and today was a good day in this stock. I listened to that conference call last night and truly it was a "thing of beauty" and I felt they did a good job and have set RFMD up for many years barring another global recession we should continue to take out old highs for a long time as they are positioned well and 300-400 margin expansion goes right to the "bottom line".......I could see us making over 60-70 cents after this fiscal year (forecasts are in the 50-55 cent range). 65 cents times 12 is almost $8 a share which appears reasonable to me.....plus 1.5 x sales of $1.4 billion (350 x 4 which I feel they will average in the fiscal year starting March 14) gives you a market cap of $2.1 billion (about 50% higher then today) and with increased margins 1.5 times sales is reasonable IMHO. So that also gets us close to $8 (around $7.50).
    The new roll-outs should help for the September quarter as I doubt RFMD had more then 20 million handsets in their guidance in April so the June quarter should be unaffected.......September quarter 10 cents would be a good quarter and with some margin expansion we should get there with minimal growth anyway so we shoud be alright........December quarter is far enough out "who knows" so todays news I AGREE WITH DAVIDSON is a "non-event" and a buying opportunity...RFMD would have been more careful if June wasn't tracking as of TUESDAY so we are fine this quarter and probably fine next !!!
    Short term downside is 10% (market correction) Upside is $6 or more (about 20%) so after today the risk/reward looks good...I DIDN'T LIKE THE RISK/REWARD over $5.50 and why I sold.

 
RFMD
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