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Cirrus Logic Inc. Message Board

  • althegambler althegambler Mar 10, 2013 12:33 PM Flag

    Barons Article

    "Four chip stocks that could rebound" Cirrus's problem is inpart the current uncertainty over the outlook for chip sales but for a top producer of very specializied chips, that very low P/E ratio is just to tough to ignore. (no kidding, just waking up?)

    Sentiment: Strong Buy

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    • Barron's should ramp up percentage of buyers that will hold versus the traders booking gains on 20 cent moves. Nice to see CRUS holding on a day when Apple sees more attack downgrades.
      Note Apple is also holding up relatively well and even bouncing in the face of downgrades lately. If Apple turns green today it should be a very good sign.

    • Why laggards Skyworks Solutions, Broadcom, LSI and Cirrus Logic look attractive
      Four Chip Stocks That Could Rebound; Apple Economics

      Cirrus which sells audio processing chips for Apple's iPhone and iPad, was a darling last year but has cooled considerably, falling 19% this year versus the 7.5% rise in the Nasdaq Composite. It trades at just six times forward estimates.

      Cirrus's problem is in part the current uncertainty over the outlook for Apple's sales. But for a top producer of very specialized chips, that very low P/E ratio is just too tough to ignore.

      Speaking of Apple and what ails it, Berkshire Hathaway's Warren Buffett spent three hours on CNBC last Monday morning dispensing his customary wit and wisdom on a variety of topics, including Apple.

      Asked about the stock's 41% drop in the last five months, Buffett reminded viewers that Berkshire has tanked by 50% four different times in its history and always came roaring back. Each time, someone advised Buffett to pay a dividend to boost the shares, and each time Buffett demurred.

      Asked about hedge-fund activist David Einhorn's call for Apple to issue preferred shares, Buffett's counsel was simple. "I would ignore him," he said. "I would run the business to create the most value over the next five or 10 years. You can't run a business to try to run the stock up everyday."

      CNBC's commentators quickly ignored that patient view and resumed their hand-wringing about Apple after the segment.

      It was probably of little consequence to them that Apple, like Berkshire, has seen its stock stumble dramatically in the past, such as when it fell as much as 41% between Dec. 28, 2007, and March 3, 2008, just after the iPhone was first introduced

      Sentiment: Strong Buy

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