Hi Ted, you wrote the following:
"Here's a stinky fact:
Even after the "blow-out" numbers announced today, CRUS is selling for the same price it was in June 1990! "
You're right on the fact, but what's your point? It's irrelevant to the earnings discussion we're having right now. Many of the facts are probably known by "longtimers", anyway, and some have made bunch of money going into '95. Obviously, some folks bought this at the height in Jun-July '95 with some making money on the way down.
You brought good points, as far as last quarter's real growth and cash/share, but I think your comparison is misleading. Someone pointed out, that there is no charges for FY'99, this is a good sign as the poster stated-the completion of restructuring.
Looking at the sales breakdown based on geographic, it's surprising that CRUS did not take a blow from ASIA(sales was even up, %wise).
I think going forward one should really think whether there is "tomorrow" for this one. I believe there is! Projected earnings is still negative for this coming FY, but watch for growth in years after.
If one thinks the price will erode, then short it!!!.
My apology to everyone if this kind of dragging here. I just can't hold it when someone only post the negatives all the time and only come back to blast it off. Show me the stats. fi I'm wrong and I will apologize for that. |
