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Technology Stocks : LSI Corporation

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To: john dodson who wrote (8764)	12/29/1997 8:03:00 PM
From: thomas hayden	Read Replies (1) of 25814

John, your analysis of Lehman's report unfortunately makes sense from top to bottom. I can't really see there being much more downside though in LSI. If they really do only earn .19 cents times a PE of 20, LSI is still above 15. I personally don't think it will be that bad, who knows. I like the longer term prospects of the company (2 years). I think we can see 40 again. I am just starting to create a position here. The first sign of good news everyone will up there numbers and opinions and away we will go. What caught my eye about LSI is a very oversold stock sitting on support at 20 dating back several years. I also like the fact that the option premiums seem very rich so that if I'm wrong I can write covered calls and get out with minimal damage. The company also seems fundamentally sound except for a few trends that concern me. I don't like to see Accounts Receivable and inventories jump up. Cash and short term investments also decreased. I suppose that was buying their stock in the open market, but anyway I think if you can get in below 20 and have an 18 month time period this stock should produce an above average return.

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