Sure, you can wait until the next downturn in the chip business and buy LSI at this price. But, probably won't happen. First, your in the beginning stages of the largest bull run in chip stocks ever and it is project to last about three years.
You could of bought XLNX two years ago at $15 (Post split) and sold it at $30, doubled your money. But, then you would have lost out now that it is at $73.
Of course, I'm not saying we won't trade in a range here. But, with the design wins and technology LSI has now. THis is a must own in ones portfolio.
I believe that LSI will be at $90 in the next 6 months. And quite frankly, I believe that LSI will be the best performing chip stock in this current cylce.
Obviously, if the market conditions change, it will hurt the stock. But, like XLNX, LSI has superior technology. And if you believe the internet will continue to grow at the projected rate for the next 10 years, then you need to own LSI. |
