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Cirrus Logic Inc. Message Board

  • boilinfrog boilinfrog Jun 20, 2010 7:08 PM Flag

    ......BUY AND HOLD

    i recently loaded up on cirrus logic (crus). first purchased the stock about april 1st on a 'break out' from a long basing period after studying numerous charts. since that time i have purchased additional shares and the stock has literally caught fire. cramer mentioned it on his show many times lately. this company with name recognition from long ago has renewed itself and is a supplier of semiconductors to apple inc. ....the ipad and the new iphone. this is probably the hottest thing going in the tech market presently. apple you know has recently passed microsoft in market cap.

    the balance sheet is clean, the projected earnings are great, the tape action is superb.
    sales are only $300 mil (small) ....allot of room for growth.
    my forcast is $3.00 per share, with a little patience, at a 30 P/E puts the stock at $100.00 per share.

    this stock has held up in a 'down' market, a good story line, 3000 customers - international market, and has all the attributes of a big winner. the stock has just begun. i own 19,000 shares.

    also, i think the tech market is in for a big surge because of the smart phones,many new innovations and low p/E.

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CRUS
53.15+1.64(+3.18%)Sep 30 4:00 PMEDT