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Hittite Microwave Corporation (HITT) Message Board

pennyking4life 2 posts  |  Last Activity: Nov 6, 2014 7:45 PM Member since: Jun 7, 2001
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  • Reply to

    What concerns me...

    by bespoke2013 Oct 20, 2014 6:17 PM
    pennyking4life pennyking4life Nov 6, 2014 7:45 PM Flag

    I've seen a few in my time, and for a number of reasons. Either an outlandish number of shares outstanding, or in a case like PLPM because they deserve to. Share price means nothing, and you have to forget about it, same as a stock split.

    Say they did a 1 for 10 reverse split, and the share price was instead $17.

    You'd have a stock earning $.50 trading at the same p/e of of 34 or so, and growing (you hope). You wouldn't pay 34x earnings for a company growing 8% a year.

    If that same $17 stock came out and said we are only going to earn $.50 instead of our originally projected $.60 to $1.00 per share, yeah, it wouldn't go up.

    Just my 2 cents.

  • Reply to

    What concerns me...

    by bespoke2013 Oct 20, 2014 6:17 PM
    pennyking4life pennyking4life Nov 6, 2014 5:34 PM Flag

    I would argue it isn't cheap either. So they do a nickel this year, it now trades at 30+x earnings. And now it isn't growing as much either (8% this qtr).

HITT
78.00+0.05(+0.06%)Jul 22 4:00 PMEDT

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