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NVIDIA Corporation Message Board

  • ibexx88 ibexx88 Oct 11, 2011 11:54 PM Flag

    NVDA: Insider's buy, technical support, and fortress balance sheet

  reasons Nvidia looks like a solid long term buy at $15 a share:

    1. NVDA has good technical support at this price level (See Chart)

    2. An insider recently bought over $1mm in new shares.

    3. It has a fortress balance sheet with $4 a share in net cash.

    4. It is selling near the bottom of its five year valuation based on P/S, P/E, P/B and P/CF.

    5. It has met or beat earnings estimates over the last four quarters. The average beat over consensus has been 16%.

    6. NVDA has a five year projected PEG of just .93 which is an over 35% discount to its five year historical average.

    7. Its forward PE of 13 is a 40% discount to its five year historical average. It is also projected to grow revenues north of 15% this year and around 10% in 2012.

    8. Nvidia is selling under analysts’ price targets. The mean analyst target on NVDA is $18.25 and S&P has a $19 price target on NVDA.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NVDA over the next 72 hours.

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