I was curious why and believe I found out.
I'll be very anxious to see what other analysts have to say.
I still think at $34.5, I'll get out unscathed.
Filled Buy 200 CRUS Limit 27.54 -- -- 08:09:33 01/25/13
I'm always concerned when despite significantly higher earnings than anticipated
an analyst grants a "hold" rating with a price target nowhere near previous highs.
If you read the release put out by CRUS, two immediate issues come to mind:
1) over 90% of revenues came from AAPL.
I wouldn't call that a tragedy, but the lack of diversification is always a concern.
To a degree that is offset by CRUS's entry into the LED market and other factors
that may lessen dependence on AAPL.
2) the company projected revenues for the following quarter that came in far lower than
was hoped for.
I'm hopeful that CRUS management knows what the salient issues are for continued success
and implements them with competence.
I certainly see why one analyst issued a "hold" rating and another "strong buy."
I believe I'm safe with a $34.5 average, but whether the shares can ascend to the higher
levels remains to be seen.
I do have a position in the stock, a fairly large one, with an average price at $34.5
I'm confident I'll get my money back, but I was disappointed that one analyst rated the shares a
"hold" with a target price of $31. A second analyst, who I felt more accurately judged the company had a "strong buy" with a target of $45.
Let's see what happens next week. I must add that I would have liked to see a larger gain based on the simple fact that the shares have been so badly mauled because of the AAPl concerns.
By the way, I took a large position in AAPL at $460.
That will never be with this company. Some here are forgetting that in addition
to dilution, revenues will be "significantly" lower.
That's called a double whammy.
If this company needed a triple whammy, trust me, it will find it.
One year plus with this disaster of a company is sufficient.
Am I tempted at these levels? Take a guess!
It almost sounds intelligent, but it's not.
What happens when markets are roaring and this dog is either retreating or simply inert?
I had the misfortune of holding this #$%$ for well over 1 year; only misery.
Has anything changed? Not that I'm aware of.
I understand, $6 sooner or later. But a massive rebound?
Based on what?
Dilution + poor performance does not equate to "massive rebound."
I think you're a complete idiot with no position in MCP.
Prove me wrong, not with respect with your being an idiot,
but with respect to having a position in MCP.
The shares will revisit the new lows list in a matter of time.
This company has the unusual capacity of shooting itself in the foot
at every opportunity.
And how is a profound jerk like you benefiting from this "wisdom?"
If I had to guess, I'd say you dropped out of school in grade 3.
Am I close?
Too bad Prof. Red is gone.
Maybe he can interpret what you mean,
I know for me it's impossible to comprehend
what you're attempting to say.
If you're listening Prof. please respond.