Legan's  Instablog

Legan
Send Message
Manager in the service industry
My blog:
socialpicks.com/legan
  • SYNA a strong buy or a Jefferies downgrade? 0 comments
    Oct 14, 2009 7:54 PM | about stocks: SYNA

    NEW YORK (NYSE:AP) - Shares of Synaptics Inc. took a hit Tuesday after a Jefferies analyst downgraded the maker of touchscreen technology for computers and smartphones, citing increasing competition in handsets and a shift to lower-priced products in the PC market.

    Shares fell $2.29, or 9.8 percent, to $21.15 on this news. In the past 52 weeks, the stock has traded between $13.85 and $40.94.  Synaptics was previously listed as a hold and has now been downgraded but looks like a solid strong buy at $20.00 with sales at 473 million - income 54 million -  sales growth 31% income growth at 396%  and debt/ equity ratio .29

      1d 5d 10d 1m 3m 6m YTD 1yr 3yr 5yr 10yr Max
    Print chart
    This stock has dropped considerably since 9/24/09 when it was trading at $26.81 and listed as a buy.  SYNA looks like a great deal @$20 and a definate buy for me at $19. 

    Frost & Sullivan stated that, "since the introduction of the Internet as a building automation tool, no other technology has had as profound an impact as wireless technology. Synapse is well positioned to evolve with current and potentially nascent wireless and TCP/IP standards, spearheading the efforts toward acceptance and adoption of wireless and open protocols."

     

    http://www.socialpicks.com/ideas/show/259389


     

    Stocks: SYNA
Back To Legan's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.