Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 188.45

+1.5%

3:59 PM EST

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From: tree_toe_bandito	9/19/2008 2:32:32 PM
	Read Replies (1) of 6180

Well, I don't know guys. We are on the cusp of a great depression (maybe). TI increased the dividend to about 20% of earnings. This is becoming a dividend stock. My concern is that about this time in past years they have announced stock buybacks. Would like to see that at these depressed prices. Perhaps TI is conserving cash. Shame, they spent enough at the higher prices. I live near the Renner Road plant in Richardson. There is $200 + million dollars of wasting investment. A couple of years ago, I fussed at them via email about leaving all the lights on at night, and got a reply that they had to leave them on for safety because of city ordinance. Never-the-less the amount of illumination has decreased slowly over the intervening time. The news about the government bailout plan reversed the momentum indicators, but my experience with TI is that you have to wait about 3 days after news comes out to see the direction. The rally up to 25 looked like short covering. Right now on the chart the price is at the lower range of the day's movement forming what is called a "tail". When news and talking heads are moving the stock charts become less reliable, but one thing is sure, the decline is not officially over yet. All this nit-picking about restoring "moral hazard" and don't bail out the fat-cats is from people unsure about the concept. What the government is doing is trying to keep us from having to live in Hoovervilles on the edge of town. Banks are not bad. We are the banks. That's where our money is. Bankers are bad. We are good. I am concerned we are going to be the collateral damage when the bomb takes out the bankers.

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