QuickLogic Corp (NASDAQ:QUIK)
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The Company designs, markets and supports Customer Specific Standard Products, Embedded Standard Products, field programmable gate arrays, application solutions, associated design software and programming hardware.
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Caveat Emptor! Quicklogic is not what it appears and it has been years since it has been. I don't doubt their technology, its the lack of execution and consistency that constantly derails QUIK. They have been losing money since mid-decade and have rallied nearly 100% on what was practically a breakeven quarter. Revenues more than doubled over last year and they still barely made money on higher margins... thats truly scary. Over 8 times sales and 7.5 times book. To top this off when QUIK gets overbought it tends to pull back sharply within 2 months - I'm just playing the odds here. Probably worth more like $3.80-$4.10. UltraLong
I agree. It looks like this stock's short term bull run has peaked after one recent quarter with a 20% revenue increase followed by some positive press coverage.