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ARM (ARMH -2.2%) slips after receiving yet another downgrade: Benchmark has slashed its rating...

  • Tuesday, January 22, 10:36 AM ET
    ARM (ARMH -2.2%) slips after receiving yet another downgrade: Benchmark has slashed its rating to Hold from Buy, citing overly optimistic expectations. Morgan Stanley, Piper, and UBS all downgraded ARM last week, largely on valuation grounds - shares of the world's dominant CPU core licensing firm currently trade at 46x 2013E EPS. Q4 results arrive on Feb. 5.
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This news story has 4 comments:

  •  
    I guess that'll do it.
    22 Jan, 10:37 AM Reply Like
  •  
    If ARMH doesn't beat its lookout below
    22 Jan, 10:44 AM Reply Like
  •  
    I guess Clayton has forgotten his own article back on 5th Sept
    http://seekingalpha.co...

    On that occastion he was also placing too much emphasis on an analyst

    "Perhaps the answer to this question I wish I could have asked was answered by Deutsche Bank's downgrade to 'sell' a short time later. Deutsche Bank's Kai Korschelt cited these reasons for the downgrade:"

    The price on that day was GBP5.21 and today it's GBP8.49 at LSE close. Well done, Kai. And well done, Clayton.
    22 Jan, 12:47 PM Reply Like
  •  
    Funny after every downgrade sell-off the stock goes right back up to where it was before the downgrade..
    22 Jan, 11:01 AM Reply Like
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