Marvell Technology Inc (MRVL): S2 Likes SIGM at This price as well, for...

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Biopique

Re: Chart Reader post# 18849

Saturday, 03/15/2008 12:53:41 PM

Saturday, March 15, 2008 12:53:41 PM

S2 Likes SIGM at This price as well, for you people that dont subscribe to S2'S Email reports here goes his take:
Hey guys,

I think it's time to start nibbling here. SIGM I think offers a most
amazing opportunity today. I'm not using the official $10k account for this, but
will say for your personal accounts, SIGM at now $20.40, down today after
earnings almost $5 is a gift. Why? Well, just read this...

http://seekingalpha.com/article/68401-sigma-earnings-analysis-shorts-should-soon
-have-to-cover

Make your own judgement, but this stock trading today at a PE of under 9
and a growth rate near 40% year over year and a tiny 30 mill share float has all
the things you'd expect in a monster money maker when the market turns. As I
said, much of this carnage in the market is mostly due to 'deleverage' where
many large funds were too long the market and now are being forced to just
liquidate everything regardless of price.

That means you get to pick and choose from their woes. SIGM could still
fall further as that tiny float means any large forced seller could have a
dramatic impact on the price with no one out there currently willing to buy it.
Don't pile in if you think you want it. But you rarely find tech stocks with
growth rates like that and free cash flow like it has and as profitable as it is
trading under PEs of even 20.

S2