The last time LSI was down here I loaded up. It proceeded to go up over 100 and split. Unfortunately I was selling share as it went up. Keep the faith it is a good company. I just hope they can fill orders for PS2 and get receivables on the books. I am loading up again but feel the bottom is eluding us. Any ideas on this?
Tough to know where the bottom is here. I think the absolute bottom would be about 12, which would be 1.5 times book or about 1 times next years sales. I'm not saying it will hit that. I just wish that the would have warned or gave cautionary guidance. Look at Altera. They warned about zero growth, the stock tanked to below 20 and is now back higher than before it warned, with the bad news priced in already. Any growth above zero now will give the stock a pop. LSI will fall further if their growth is even a penny below estimates, because everyone dreads what news is ahead. They will certainly make this quarter, but I would hold off buying more until their cc in January. That's where the shoe will fall for sure if they refuse to bite the bullet earlier.