David, I picked up more at $139, and I'm not selling for the next several years, unless something comes to light that drastically changes the present situation. No matter how many people talk about all the competition to BRCM, the fact remains that management has done an outstanding job, and as one of the Henrys said (not verbatim), "Our management team is so intellectual that if we don't do well as a company, we can start our own university".
The plain reason for the retrenchment of the stock price, imo, is the high PEG (PE as compared to the guesstimated "projected growth rate"). As I stated, management has done as outstanding job, and if the quote above (from Henry) is true I have every reason to believe the future is bright -- after all, when you're buying a company's stock you're buying the capabilities of its management team.
dc |
