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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (29945)2/1/2008 12:17:28 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78686
 
I am not sure how people can buy stock in companies that do not report financials for years. Don't you think that it's like buying a cat in the bag?

I guess it's greed: the cat is really a tiger? :)

Disclaimer: I looked and looked and looked at MXIM for the last year or more and I still can't make any decision without numbers. ;)



To: Paul Senior who wrote (29945)2/1/2008 8:20:34 PM
From: Area51  Respond to of 78686
 
MXIM forward revenue guidance was significantly below expectations. Credit Suisse lowered calender 2008 EPS to 1.14 from $1.42 and cash per share is down to $3.50 per share. They lowered the price target from $35 to $23. Obviously their projections can be wide of the mark.

Another day like today (down 2.50)and I'll look for an excuse to add. But I don't see any big hurry to accumulate it unfortunately (especially since they don't plan on restating earnings until mid year).