RF Micro Devices (RFMD) Message Board

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Technology Stocks : RF Micro Devices (RFMD)

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To: John Hayman who wrote (4839)	11/17/2006 12:40:14 PM
From: The Ox	Read Replies (1) of 4849

Revenue growth has been steady but eps hasn't been great. The stock is currently selling at about 16 times FY08 eps of 48 cents. With revenue growth slated for about 12% yoy, I'm not so sure RFMD should be trading much higher then it is. Yes, if they can find a way to grow the bottom line at a better pace, then the stock should start to rise. RFMD is in a very competitive space and this also tempers the forward looking views on the company. The current view is that yoy eps growth will be similar to the top line (11%), so the company will have to show better bottom line results before the multiple rises. I think the bar is set pretty low at this time, so it's very possible that the stock can appreciate nicely from this level. jmo TO

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