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Cirrus Logic Inc. Message Board

  • lookingtohighergrowth lookingtohighergrowth Feb 5, 2013 11:16 PM Flag

    Now there are 5 law firms going after Cirrus??

    I just read in the headlines section of Yahoo....there are now 5 law firms going after Cirrus?? Are you kidding me? Remember, all longs here, including me, like to think this has no merit. We also all thought Cirrus would be trading at $60 by now (Feb 2013). But we're not. Proof that our wishes don't always come true. We are half of what Cirrus should be trading at. So now, with these lawsuits, we "like to think" it has no merit. Again.....longs wishing for the best, but probably not facing reality. One thing I've always noticed is that holders (longs) of stocks tend to put on rose-colored glasses and filter out negatives when they are in fact real and damaging. And I say this as someone with a large investment in Cirrus since the 1990's. I WANT them to succeed....but what the hec is going on?? Now there are 5 law firms.....what the hec is going on? How can we perform like we have, and with a bright future, yet trade ttm PE of 12?? Makes absolutely no sense.

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