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Strategies & Market Trends : Value Investing

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To: epicure who wrote (29056)12/20/2007 11:13:51 AM
From: Paul Senior  Read Replies (2) of 72180
 
Not good times for Trident Microsystems: CFO resigns. Earlier there've been analyst downgrades apparently because TRID's chips for LCD tv's are high-end, and consumers are finding low-end sets a better price/value proposition compared to producers' expensive/feature-rich sets.

No matter (to me, -g-). With minimal ltd and $200M in cash/cash equivalents ($3.4/sh.), a stated b.v. of $3.7/sh. (i.e. company does not have capital tied up in manufacturing assets), and a stock price now of $5.54/sh., I'm a buyer of TRID today. To me, it seems worth being in and waiting to see if co. can use talent and money for new successful projects. That they have done in past. Upside is a double or triple or more again. Downside is time-value-of-money (i.e. dead money for a while) or maybe, I'll guess, a couple bucks per share if stock drops even closer to cash value.

finance.yahoo.com
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