Advanced Micro Devices Inc (AMD)

[bobs10]

At the risk of sounding like Niceguy it's hard to believe, according to Yahoo, that 27 analysts still have AMD earning $.03 this q.

http://finance.yahoo.com/q/ae?s=AMD

Well the analysts may be thinking $.03, but it's pretty obvious Mr. market thinks AMD is going to earn a lot more. Given the action of the last week or so I would guess the market is expecting $.07 to $.12 in earnings.

I would be the first to agree that volume hasn't been that hot lately. But this just means, given the price appreciation, that the AMD stock holders are very reticent About selling. Something I don't think will change unless earnings are below the above estimate.

Personally I’m expecting north of $.15 this q, but then I’m such a pessimist.

Oh, as to those analysts, if memory serves, this will be the 6th q in a row that the analysts have either over estimated the loss or underestimated the earnings, and their estimates have been getting progressively worse. Looks like the analysts haven’t figured out the new mantra of “promise less and deliver more” is in full swing at the “new AMD”.