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Linear Technology Corporation Message Board

  • brock356 brock356 Jan 11, 2013 6:03 PM Flag

    Thoughts on LLTC heading into earnings..

    I am slightly confused by the stock performance over the last couple months. There have been several analyst downgrades but the stock continues to rise and push higher. I'm assuming the stock has been rising due to both the fiscal cliff being resolved and the dividend increase announced in December. After reading the dividend hike news, it looks like they do this every year and is normal so I am not concerned about it.

    After reviewing the fundamentals and the current valuation, I am quite surprised this trades at $35.73. The prior quarter earnings call transcript says it all...revenues are down, margins are dropping, and earnings are decreasing. If you take that into consideration with analyst downgrades, this thing *should* see a drop on Wednesday, January 15th.

    For all longs - what am I missing here? I would think this stock is a SELL and a short. This stock is somehow at a 52 week high and management is going to dish out bad news. That's a receipe for disaster.

    As always, I appreciate comments from bulls and bears. GL to you all.

    Sentiment: Strong Sell

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