MXIM is getting too expensive. On a bad week, it will dip back to the $30's range again. The forecast for semiconductor is cut for 2007.
Why buy MXIM now when you can likely buy it later for $30?
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You think MXIM is expensive then take a look at SLAB! Don't be fooled by that current PE. It was dramatically lowered by a one-time sale of their Wireless Division. Without that sale the P/E is about 55:1. OK they $12/share in cash. Back the cash out and you're still in the mid 30's as a P/E multiple. So...there's at least one stock that's more expensive than MXIM. All things considered I'd say MXIM isn't that bad. -RW