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Technology Stocks : LSI Corporation

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To: NW Bronco Fan who wrote (16748)1/29/1999 11:58:00 AM
From: Jock Hutchinson  Read Replies (1) of 25814
 
OK: As someone who is in at an overall price of 25, you and I are both in the same boat. My timing last year was poor. But I truly expect to receive an annualized return of over 40% on my money in a two year period. Let's use a worse case scenario of zero growth and a return to after tax margins of 12%. This leaves one with a twelve month target of $33.00 a share. The problems that beset LSI last year were the slightly less than perfect timing of Gresham due to an historical drought in the semi market. The only reason LSI hit 11 was because it hit its nadir just before the market tanked in September. Otherwise, it would have probably held at around 14 to 15. Most of my mistakes have been made taking a profit too early. This would appear to be the case now.
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