and how much did you discount due to the fact that basically all of the revenues are derived from Apple ?
CRUS is probably one of the stocks with the worst risk-reward ratio in the market these days. They only win if they continue to boost Apple sales (which they won't as first quarter 2013 already shows) at a huge rate. But that's not enough - they will have to drive back up sinking margins pretty soon - which they won't either as management admitted on the last call.
But the worst thing is they don't have their fate in their own hands as they are a complete hostage to Apple and will have to accept whatever Apple dictates.
I really don't know who wants to own a stock with characteristics like these.
My finger is on the trigger to sell. Still up near 70% profit... but majority of my holdings are for my son's education IRA and he's in second year of college. With what I have now in his fund.. rest of college is paid for. Still have a big chunk in 401k for myself... same profit... but may sell half and put on side right now. People freaking out about the imaginary cliff are psssn me off! ;-)
One of the problems I see, is if we keep going down to say mid 20's we will see analyst coming out reducing their estimates. They could come down to around 40-42. Maybe lower is Congress does what they do so well at, NOTHING.