Glen, thread, We expect LSI's multiple to expand as investors become more comfortable with the
company's end market exposure and strong earnings momentum story.
What in the name of analysts' BS does he mean by end market exposure?
- End users using LSI product?
It seems to me that LSI's main business is supplying to OEMs like Sony, Cisco, Nokia, EMC, Sun, etc., who then turn around and sell to end users. The only case I know of where LSI sells directly to an end user is to Walmart, who buys Symbios storage boxes.
I shouldn't gripe, the guy has a target of $100. Whatever he says is fine with me. So, are we giving some back today because Warburg and Matt Dillon said $90, not $187? That's OK, I'll take up 7, down 2 back to back any time.
Tony |
