"While we realize CRUS shares aren’t for every investor due to its Apple concentration, we...


"While we realize CRUS shares aren’t for every investor due to its Apple concentration, we still believe that when investors return to AAPL shares, CRUS will get a much needed lift," writes Needham's Vernon Essi, coming to beaten-down Cirrus Logic's (CRUS +3.3%) defense. He also declares Cirrus is "unlikely" to lose its status as Apple's iPhone/iPad audio codec supplier. Shares now trade at just 6x FY14E (ends March '14) EPS, even as estimates fall due to iPhone-related concerns.
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  • berniespear
    , contributor
    Comments (251) | Send Message
     
    Comeback kid.
    13 Mar 2013, 10:41 PM Reply Like
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