TriQuint Semiconductor (TQNT): "That is too hard a stock to own."
It is very hard but long term everything is going mobile they have the right stuff, the right technology, the right balance sheet . Imho they will make us money. I am diversified but my TQNT shares are very important
Yeah, I can agree with Cramer's sentiments. TQNT is a great technology company with good products but they just can't forecast properly and thus disappoint again by not hitting their own guidance as in 2012.
Ralph again screwed up his reputation and ability to forecast the business while we shareholders paid the price. We benefitted from his bullishmess on paper but then we got it all taken away with the forecast 'miss'............except for those who sold their shares before earnings or hedged via options.
And, I do think Ralph's 2012 reputation had to impact the share price crash yesterday as TQNT is still going to earn $0.05 for 2013...........if you believe his 4Q forecast...........and how many do.......or should????
Ralph again got ahead of himself and I don't get why he had to be as bullish as he was...............or why he did not manage the business a bit better so he could have must met his 3Q guidance and pushed the sales/invoicing/shipping a bit so the extra profits were booked in the 4Q to hit that guidance and FY guidance.
Sure BlackBerry problems may have been hard to predict...........but TQNT may get some of this as those customers buy Apple or Samsung devices so it is not a 100% loss.