I would not call qcom stock a dog. Q is a very good company, with no debt, a lot of cash and has untold number of patents that are necessary for 3G, and eventually all phones will be using Q's technology. Of course it is hated, and has been target of all arrows.
Investing in the stock market is mind boggling to say the least. Just compare Q with GM which keeps losing market share, losing billions of dollars, maker of cars with less quality than the japanese, teetering into bankruptcy, and yet the stock is the best performer for the first half of 2006. On the other hand, Q's guidance is up for the 2nd quarter, and the stock tanks big time (30%).
Many of us have been Q's shareholders for a long long time, so that yes, the cost basis is still much lower than the current price, however, watching our assets get one third haircut is not fun either. Therefore, we can feel your frustration if you bought Q at 47.
Cheers, better days are ahead. Just think, how lucky you are that you don't live in Baghdad. |
