How's this scenario: Apply a below market multiple of 14 to next years projected earnings of $2.55/share, gets you a $35.70 share price, 47% higher than today. Hey, $0 in debt, revenues are growing faster than this economy, and faster than a lot of the competition. Someone tell me why I am wrong.
Well, even though SWKS has diversified end markets (see previous post), Apple did hit analysts targets of selling 33.8 million iPhones in the September quarter. SWKS had more RF modules in the 5s and 5c than previous versions, which is good news for SWKS longs....volumes are up.
SWKS got smacked last week due to some ETF liquidations of semi stocks, and algorithms that said, "sell". Look at the facts: SWKS has diversified customers within diversified end markets; it's fate does not rest on the iphone. Put a P/E multiple of 14 on this years earnings, or a 12 on next years. Both scenarios get you north of $30/share. Good luck.
samsung already reported strong sales. apple will give a better idea on what to expect from swks earnings. i think this week's earnings and next qtr's earnings will give boost to swks. think about it all goes well, a five or six dollar gain from here is quite easy to achieve.
Don't worry about them. I DON'T. I reported those who I think "obnoxious" and mean spirit, just one click and go on. I care to read posts that say "something", even though some might be just TRADERS. These might be pump & dump, but ok, as long as they are civilized and say something about SWKS and their business.
Ignore the noise and TRUST YAHOO WILL DO ITS JOB.