+ 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
no where to go but up, they have the most important item: cash
IKAN cheap stock good starting point
This stock has been hammered recently, but the future looks good. Expected to be profitable in 2011. No debt, low forward PE.
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.
Thank you so much whoever sold me the shares at $2.47
Got spanked today, but I'm buying more. UltraLong says it's a $7 company, so I'm holding on.
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.
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