Broadcom
By Steve Abraham on Apr 21, 2008
BRCD is a long time tech company that has recently gotten crushed, plain and simple. The stock was riding high last year when it reported poor numbers and then it was game over. Well, looks like Broadcom isn’t dead yet. The stock has broken out of a 6 month downtrend. The uptrend is strong based upon the ADX reading of 31. BRCM has had an orderly recovery over the last month. I have no price target on the stock and have not researched earnings releases, etc. but in terms of the trend, I don’t think it going back to the previous March lows. I think BRCM is a good risk on a pullback.
2 Responses to “Broadcom”
I haven’t done much fundamental analysis on BRCM. I picked this stock just from my daily scan. BRCM may or may not be expensive from a valuation perspective but honestly that doesnt matter if the future earnings are expected to increase. Is it possible the BRCM has something to do with the next gen iPhone? Just a thought.
Leave a Comment
Recent Blog Posts
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- Is the Apple Still Rotten?
- GE
- 5 Commonly Overlooked Ways the US Dollar is Affected
- CMP
Subscribe
   |
 |
So, is Broadcom a bargain right now? Have a look at this valuation analysis …
http://sramanamitra.com/2008/02/29/broadcom-valuation/