I listen to Goldman Sach analyst said buy ONNN today&iam buying
big time now February 4, 2010 8:59 AM EST Goldman Sachs raised their price target today on ON Semi (Nasdaq: ONNN) from $10 to $11, telling clients to Buy the stock on strong leverage and "extremely compelling" valuation.
The firm said tight supply chain dynamics will drive a strong recovery in 2010, with organic demand supported by ON's 40% exposure to late-cycle markets.
Shares of ONNN are down to $7.65 today following better-than-expected results after the close.
Oh ya...listen to the Goldman Sachs guys...the same guys who are getting multibillion dollar bonuses after ripping off this country. Real honest group I bet they are. I'm sure a lot of research is dedicated to valuation plays on mature companies. Probably their top guy bumping up the target price a whole 10%.
Just curious, you morons, how fricken compelling can it be if he only bumps up the target price $1? LOL.