Marvell Technology Inc (MRVL)

[SyndicateTwo]

I just got an email from someone who subscribes to Cramer's ActionAlertsPlus and told me this:


"Cramer has put MRVL in a '3' meaning that he wants you to sell it all on strength basically. He says that because STX reported a bad quarter and that most of MRVL's money comes from HDD biz, he's worried about MRVL's earnings ability to push the stock up and no longer thinks it has the upside he once thought.

But if remember why he was pushing it back in the Fall, it was because of the leverage it has to gadgets, not HDD. So, it appears he forget his own reasoning. And when you couple that with the fact that if you actually listened to the CEO of STX talk about the reasons for their miss, it had nothing to do with demand, it was due to pricing. So, if you add it up, MRVL simply sells them parts, and the fact that STX is making more and more HDDs, just having a hard time selling them for as much as they want to has no affect on MRVL's rev stream with them.

But then again, when you look at the fact that the S&P is up this year 4.68% so far this year and he's only up 3.87% in his portfolio, can you really take him of an 'expert'? His portfolio since inception is up exactly what the S&P is up - 30%. I pay him $60 a month to match the S&P? I could just buy SPY and save all that money! Why I subscribe to him is beyond me. He's starting to sound like all these 'dumbass analysts' as you call them who give an opinion but don't think through their reasoning for that opinion.

I mean, if the almighty Jim Cramer can't beat the market, then is his opinion even worth anything?"




I post that with permission from the source. I think it says it all.