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LOGI Looks Logical

May 12, 2011 11:01 AM ETLOGI
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Seeking Alpha Analyst Since 2011

Tony Kau is a financial analyst and swing trader from Portland, Oregon. He was most recently employed as an Analyst/Model Developer at a hedge fund. His core strategy relies on successfully identifying trend exhaustion patterns and capitalizing on them using both stocks and options. He publishes a daily trading blog to help others benefit from the tools he has developed. To see his daily trade alerts or learn more about trend exhaustion, visit http://TonyKau.com Tony's Trend Exhaustion Fund is a Contrarian, fundamentally-supported, long/short, swing trading fund, seeking to identify pricing trends of individual equities that appear to be exhausted and due for a reversal. The Trend Exhaustion identification and ranking system is also employed as an entry/exit timing mechanism for a market-neutral hedge fund.

 With a Credit Suisse downgrade in their rear-view mirror (an April Fool’s joke in bad taste, I might add), Logitech is suffering from fear-driven selling. It’s longer-term valuation hasn’t changed; margins have almost recovered after 2009 lows, and they’re still debt free.

Looking at projected growth rates, LOGI is just shy of it’s industry (14.2% vs. 15.4%), but way ahead of its nearest product-line competitor, MSFT (10.3%). Where else can you find a 30-year-old company that dominates its industry in brand-recognition and quality and has agrowth rate more in line with the riskier, smaller-cap firms in its space?

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