Accumulating for a while now under $27. Upside potential far outweighs downside risk. Famous last words I know, but I believe it is true. Broadcom is a genuine leader in several categories. Despite articles to the contrary, there is no immediate threat from competitors. They have not lost their mojo, just experiencing a temporary blip. If they were not we would not have this once in a decade opportunity to buy the stock at these bargain prices.
Every board has its resident moron. It must be a total lack of awareness that prevents them seeing their true selves. Thankfully we don't have to live with them.
This company reminds me of Hot Topic. They had their early glory days and then kept dropping until the stock found a floor under $4.00. This company is very disorganized. They have taken on too many new hires in management positions. They are out of touch on the fashion stakes. Not sure of their target market after hurried research in June and July 2013, which was too late for ordering. Add to that mix the new distribution center not yet completed and you have the perfect storm. I have no idea if this is a value trap but I would keep well away and let the dust settle.
Curing cancer and world hunger would not do it. They would need a chip to turn the oceans into wine and the desert sands into pure gold.
The major concern was Broadcom would not have chips in the new iphones. Then the market discovers Broadcom chips are indeed in both new iphones and the stock tanks. It all makes perfectly sense.