As a financial writer who covers a wide swath of names, it is always heartening to revisit a call that has worked out largely as planned. I first wrote about Atmel (NASDAQ:ATML), a leading microcontroller vendor, just under a year ago when the shares traded for a mere $4.70 apiece. Despite the robust run, I'm still a fan of the company/stock and believe that there's still some real upside left, particularly as I'm not entirely convinced that the Street truly "buys" the long thesis just yet.
If I'm right, the shares are worth at least $11 today, and if I'm wrong, I see downside risk to $6.44/share, which suggests a risk of 16% for a reward of 44%....
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|