And here's another one who's always been gaga over LSI - Mr. Dessauer (from the Washington Post - a bit dated - I think early December 1997):
John Dessauer and Tom McIntyre, who publish the excellent
Investor's World newsletter in Potomac, are enthusiastic about
LSI Logic Corp. (LSI), another high-tech stock whose price
has been halved lately. LSI makes specialized integrated
circuits, including a new chip with a million transistors that
performs the brainwork for a digital camera.
LSI, which spends a hefty 15 percent of its revenue on
research and development, has suffered disappointing earnings
lately, but if profits bounce back even to 1995 levels, the stock
could break $40 again (it's now $23). "Our strategy with any
great company -- LSI included -- is to buy when Wall Street is
down on the group, the company, or the future in general,"
writes Dessauer. That's certainly true here, but, he adds, this is
no quick trade. It's a five-year holding, at least.
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(I like the part about 1995 profit levels - this is 1998 and we will not even come close to matching those levels! Investing for the future, investing for the future... Let's hope the future brings good tidings and a $200 share price 5 years out... The first shall be last, the last shall be first...) |
