Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Cirrus Logic: A Bad Call Is A Bad Call

The truth is that no investor (at least one without a fully functional crystal ball) knows what's going to happen with a particular stock/industry/sector. One can only come up with a plausible set of scenarios, try to assign reasonable probabilities to those outcomes, and then determine if the weighted average of those outcomes is skewed in favor of a long/short position (if they net out, then it's worth just staying away).

As a former Cirrus Logic (NASDAQ:CRUS) bear when the stock was in the $30+ range, I found myself attracted to Cirrus in the teens/low $20 range as I had believed that the stock had, along with its business, reached a cyclical trough and was set to rebound...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details