Seeking Alpha

Feltl and Needham offer contrasting opinions on Cirrus Logic (CRUS -10.2%) in response to its...

Feltl and Needham offer contrasting opinions on Cirrus Logic (CRUS -10.2%) in response to its FQ2 report and FQ3/FQ4 guidance (I, II, III). Feltl, downgrading to Hold, is worried product mix is contributing to margin pressure, not just Apple. Needham, upgrading to Strong Buy, now thinks Cirrus is getting $3.25 per iPhone thanks to higher iPhone 5 dollar content - that's $0.50 above a prior forecast, and responsible for a surging ASP. Needham believes Apple made up 79% of FQ2 sales. (transcript)
From other sites
Comments (7)
  • Ashraf Eassa
    , contributor
    Comments (9171) | Send Message
     
    Called this one...
    1 Nov 2012, 02:00 PM Reply Like
  • Hendershott
    , contributor
    Comments (1602) | Send Message
     
    Who ever heard of Feltl. Dinky Minneapolis firm. Why would anyone take their research seriously?
    1 Nov 2012, 02:35 PM Reply Like
  • berniespear
    , contributor
    Comments (241) | Send Message
     
    Something fishy.

     

    First time ever I've seen a company have a huge beat on earnings but it drops like a rock the next day. I understand the concerns but to have it drop that much.
    1 Nov 2012, 03:52 PM Reply Like
  • BlueVelvet
    , contributor
    Comments (41) | Send Message
     
    The concern was obvious and known! 10% of float was short, now they have the perfect opportunity to cover it with maximum profit. Does anybody know if those 10% were institutional?

     

    The whole thing seems fishy to me.
    1 Nov 2012, 07:27 PM Reply Like
  • edbianc
    , contributor
    Comments (3) | Send Message
     
    I read the call transcripts.
    There was nothing in the discussion that indicated a problem. One small caution by the president on March 2013 earnings due to cyclical business and a forecast for further increases in earnings in December Quarter.
    I bought more @34.80.
    1 Nov 2012, 07:27 PM Reply Like
  • Honest Jonno
    , contributor
    Comments (6) | Send Message
     
    Why is Jeff Schreiner @ Feltl the lone doom and gloom merchant on Crus. Is something else at play?
    2 Nov 2012, 01:52 AM Reply Like
  • BlueVelvet
    , contributor
    Comments (41) | Send Message
     
    Is there anyway to see the stock position of Fetl on CRUS? If they are short, which I think they are, can we sue/complain to SEC due to stock manipulation?
    3 Nov 2012, 11:17 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs