<Which is it Jacob?>
Both.
This board seems to have two kinds of posters: Enthusiasts, and Pessimists. These are religious beliefs, not changeable by facts or logic. You treat each other, like Protestants and Catholics in Northern Ireland.
But Truth is not black or white. QCOM (the stock and company, which are two different things) is not all bad or all good, but some messy muddy mixed-up melange. And people who disagree with you are not heretics, to have their motives attacked. It serves no purpose, gathering firewood to burn me at the stake. Your righteous anger just blinds you to this company's faults (the equal and opposite righteous anger of the Pessimists blinds them, too).
Another Truth: when this stock bottoms, it will be because value investors like me start buying. Enthusiasts thought the stock was a good buy at $30, or $50, or $70, or whatever. They have no more money to buy, and at the bottom, they may be worrying about margin calls.
I asked earlier, for posters on this board to state their Fair Value for QCOM, with their reasoning. Do you have a guess, which you can back up with numbers from the 10-K and 10-Q? |
