Alright, everybody. I just went back to the Eldrehadspicks page and looked at the scorecard. One of his picks is down > 40% (!) It's called NVIDIA (NVDA), and they're a chipmaker. They make the best graphics processors around, and their stock price is beaten down because of a price war with Intel and a one-time $200M charge based on a faulty something-or-other.
Revenues are actually dropping this quarter. That's not supposed to happen for a growth company, is it? Is it becoming a shrinkage company?
Well, I'm actually with Eldrehad on this one, and I get to be at a much lower price! With the one-time $200M charge for the faulty die-whatever, we see that there might have been good reason for an enormous amount of liquid assets on their balance sheet (a concern for Eldrehad: don't ask, he's way smarter than you or I). The discussion on his blog (where my comment may look familiar to you) gives me confidence in the one thing I doubted about NVDA: its position amongst its competitors.
I'm ready, I'll be buying some NVDA (or, if I'm feeling frisky, calls) soon. See ya on Easy Street.