Buying or Selling tomorrow?
Market corrects and then we hear the doom and gloom double dip argument. Well after a market rises over 1,000 points a correction off that is to be expected. And with those computer algorithms at work it happens in a day now instead of weeks. I actually hate listening to Bloomberg radio. Not because of the underlying content, but because of Catherine Cotterie (or however you spell her name). It isn't personal to her. it is listening to the noise she has to make while reporting the numbers. When the market is up we hear "the market is rising on expectations that the global recovery is in full swing." And next day when the market is down we hear "the market is down on concerns about the global economic recovery." Please, just give me the numbers, not the silly scripted suppositions.
With that rant aside, I suspect that in light of Cisco's earnings' report and conference call the market will open lower tomorrow. I have been eying some stocks and one that I did play with before is back on it. That company is ISIL. I bought it at 11 and sold it at 15. It is now under 11 and looking pretty good again. ISIL basically makes things I don't understand.
They developed a new battery described as follows:
The ISLA112P50 is the latest in Intersil's expanding family of high-speed, low-power ADCs. Developed for broadband communications, radar, light detection and ranging (LIDAR), and data acquisition systems, the new converter is being built using Intersil's proprietary FemtoCharge technology on a standard CMOS process. The ISLA112P50 uses a pair of time-interleaved 250MSPS ADCs to generate its 500MSPS sample rate. The new IC also features the patented Intersil Interleave Engine (I2E) technology, which performs automatic fine correction of offset, gain and sample time skew mismatches between unit ADCs to ensure high performance.
The converter's dynamic performance and specifications are optimal for targeted applications such as high-end data acquisition systems. Analog input bandwidth is 1.15GHz.
No clue what all that means, but sounds impressive as hell.
They recently bought a company called Techwell which is a designer of mixed-signal processors to the security surveillance and automotvive infotainment markets. Again something I have no clue what is but sounds impressive as hell.
What I do like is the math. Their last earnings report was solid. Q2 revenue of $219.9 million, with non-GAAP profits of 25 cents a share, with the Street expecting $218.5 million and 9 cents. For Q3, the company is projecting $230-238 million, and profits of 27-30 cents a share versus Strreet forecast of 231 million and 26 cents. In addition the company has NO debt and pays a very respectable dividend of 48 cents a year. At current price that is mid 4% yield.
I'll be buying again on the open.