+ Watch IKAN
on My Watchlist
The Company is a global provider of high-performance silicon and software for interactive broadband.
i think i kan, i think i kan, i think i kan......
Good Growth Prospects.
Better chance of going up then down
IKAN cheap stock good starting point
Because i am a sheep? Naaaaaaaaaaa-aaaaa-aaaa
Support @ 1.... I think?!?!?
Makes the right products.
A bunch of other top fools picked this. Hopefully not a case of the blind leading the blind. (I certainly know nothing of this company, but hopefully wiser Fools than I do.)
Ikanos is a company that got smashed during the 2008/09 economic downturn; however, they positioned themselves nicely to weather the storm and actually came out of the mess in arguably better shape. IKAN was able to stay afloat because of their large cash position ($0.60/share) that they have always been adamant about keeping, not too mention the zero ($0.00) debt they have. Recently they picked up Conexant broadband on the cheap (~55M cash, yes I said cash!), and just finished their 2nd quarter post acquisition. So far this has been a nice boost and has increased revenue a little of 100%! As I mentioned things have been turning around for IKAN, not only has the acquisition been a tremendous boost to revenue, it has also helped their EPS, which in the end is most important. IKAN has returned to profitable in the two most recent quarters after picking up Conexant and analysts are projecting them to earn $0.22 in 2010 and 0.35 in 2011 putting this at a forward P/E of 11.6 and 7.3 respectively, cheap! Keep in mind, these estimates essentially have not been updated much since the recent acquisition. Thus, I expect IKAN to significantly beat these estimates going forward.To top it all off, IKAN has been growing revenue at a 5 year pace of ~18% yr./yr., that is a solid number! Just to top it off, throw in a PEG of ).60, nice!This is surely a buy for the next several years.
on recent pull back, expecting descent earnings.
I picked up shares in MRLP today @ 2.70It's tech, it's a selloff, it has fairly good fundamentals.That's the correct industry, the correct psychological factors leading to a favorable price, and great underlying business.
Ikanos Communications is one of those very few companies currently trading in the single digits that looks poised to skyrocket higher. Ikanos has a long-term growth rate near 17%, has no long-term debts with 55c in cash per share, and should massacre analysts estimates to the upside over the next year. Currently they are projecting 22c for 2010... I think they could turn 33c-35c this year. I firmly believe that the technicals and fundamentals are in full agreement here that Ikanos is a $7 company within the next 10-12 months. Behold the little engine that could.UltraLong
Produces production-ready platform for next-generation devices
Great positioning with carriers worldwide esp. Japan, Korea and Europe for VDSL chips. Will take off as deployment expands - has been slower than expected but designed in with many carriers. Strong balance sheet to await take-off and improving income statement metrics.
Everyone keeps talking about whether or not Ikanos is going to survive in a highly saturated market. You won't get that type of talk from me because personally I don't care what the rest of the broadband market is doing. My primary interest is how close Ikanos has come to intrinsic cash value. IKAN is trading at just $4.56 and maintains $2.85 per share in cash with no debt. The company has turned the corner to profitability again and should produce something on the order of 30-35 cents per share in earnings in 2009 for a forward price to earnings of roughly 13. How about 1.1 times book and 1.3 times sales with revenues increasing at a solid 18-28% per annum? How about a 44-45% gross margin rate? Once again, I'm not trying to catch the bottom, I'm just trying to get close.NeroSagetrade
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