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I think stock has some legs.
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ibd number 8 in top world stocks. singaporean chip manu.
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Play off of the great growth that Apple is experiencing. AVGO is a key supplier for AAPL and I expect this growth to continue in the future. The P/E for AVGO is considerably lower than the average P/E for other key suppliers of Apple products.
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http://www.fool.com/investing/general/2011/12/02/the-iphone-play-that-the-market-forgot.aspx
Avago is expanding into a margin-boosting new market with a top-notch product and on the back of Apple's impressive coattails.
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supplier for new iphone... should do better than the market and the economy if bears are right. If bulls return to market it should still outperform because bulls flock to growth stocks when looking for outperformance
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The market for smartphones is only getting larger, and that will help Avago to outperform!
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The trend is your friend!
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Apple Ecosystem Pick
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Backlit LED and Light Peak is the future and AVGO is well positioned.
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Following TMFZahrim's lead. Worked out well for me with PANL.
http://www.fool.com/investing/general/2010/12/03/does-avago-have-room-to-grow.aspx
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Hounds and Jackals....Backgammon anyone?
Too bad this one does not have a dividend....all else, except fair safety, is included in this package.
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1yr earnings estimate
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