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

To: The Ox who wrote (477)	3/7/2008 5:49:24 AM
From: bruwin	Read Replies (1) \| Respond to of 4719

Hi again TO. It’s probably a good idea to "put SIGM on the radar". Three things to comment on from my side .... (a) In my previous Message #327 I stated "SIGM's price did take a nice jump after its Q3 came out." I should have referred to its 8K (press release) and not its Q3, as the latter hadn’t, as yet, come out when I wrote that message. (b) I referred to its P/E of 45 at the time, remarking that it certainly wasn’t "Low". Well ... I suspect that high P/E was probably one of the main factors contributing to the fall in SIGM’s price from the $60 range to its current $27. (c) I still "remain of the opinion that its next Q4 should give us some indication if its current numbers are sustainable." Its last 3 Quarterlies show good fundamentals, and if its next Quarterly maintains that trend then SIGM should be a good buy. At its current TTM P/E of 17 and its price of $27/share it could go to about $40 in 6 months time. I can find nothing else in SIGM’s SEC filings, etc..., to warrant such a recent fall in its price. Can you think of anything, TO, other than what I’ve stated above ? bruwin