Logitech International (LOGI)

[FUNMAN]

I am thinking that investor disinterest may take hold during the last 2 weeks of August. It wouldn't surprise me to see LOGI trade near $6.70 levels or below.

I am a believer in LOGI but I think most people are not; it's still under the radar. Until the institutions start to step back in, the share price will probably falter again despite the earnings beat.

I hope so, because once the numbers start telling the truth about the turn around, the institutions will start coming back and there won't be any more opportunities to buy in the 6's.

LOGI is forecasting $50MM net profits in the coming fiscal year.

Based on the reviews I keep reading, I believe them.