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Cirrus Logic Inc. Message Board

  • b.coogan Apr 30, 2013 1:21 PM Flag

    We could easy See $ 25 with Apple Confirmation

    short sellers are really on the fence and hurting with waiting for any announcement---any announcement from Apple about supply issues related to CRUS will drive CRUS up a minimum of 30% and up from that point

    Sentiment: Strong Buy

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    • oliviajagger Apr 30, 2013 4:19 PM Flag

      Conformation of what another Iphone. The fact that Apple is selling bonds to apease investors should be a red flag for CRUS shareholders as far as growth goes. Tim Cook it appears doesn't have a clue as to what to do with the hoard of cash Apple has accumulated. Apple as a value play with slower growth doesn't bode well for CRUS.

      • 1 Reply to oliviajagger
      • First he didn't want to get taxed domestically for the Cash Horde overseas. So he is borrowing money with interest rates at an all time low, around 3% or even 3.5%. Apple wil make on a conservate estimate of about 60 billion this year and maybe another 60 next year. He won't even have to eat into his cash horde. They money he has will probably make more that 3%. Also since he announced the buyback and increasing dividend, Apple stock has only went up. I would venture to say by end of June stock price will be at least $500 and by the end of September possibly 650-700. Throw in a I-TV and a I-Watch along with the I-Phones and I-Pads during this time and by end of year could be in the 800-900 range.

    • yes, you are absolutely WRONG!

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