To me, CRUS is just as undervalued here at near 20, as it was in early 2009, when it was at 2 dollars. A few days ago, you posted about a financing plan, in which Cirrus Logic could do involving convert. bonds. I believe, that the company could do something, if they see so much value here. Do you believe the Company will take some further step involving this?
Probably not at this price, but if they really did drop to 15 16 area again, I do not know. But at 15, it is about 9 or 10 quarters worth of cash to buy the company. Something at that point might be considered. The problem is clear they want the market to return a fair price as a growth stock. The market is not. Tim Cook really hit Wall Street at the meeting the other idea, saying that he thought that the market was being very unfair to Apple. I would agree. Probably no, but hey if this gets low enough who knows. They have been very creative in the past.