sslayton01

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Mon Sep 10th 11:45 AM | Rating: 0 0
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QLogic: Cash Rich, Debt-Free, Undervalued

I'm long this stock as of last week...I agree the downside is limited, and the net cash per share makes the forward EPS multiple look even more favorable. However, these guys missed a major turn in the road re the technology landscape, and they will be in the doghouse for a while w/ institutional investors. Also, considering the EPS growth reset, the shares don't deserve much of a multiple. Still, if the mkt pops (interest rates?) this stock should trend upward. If the shares move sideways, I'll write a few calls to pass the time.
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