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Broadcom

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.

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12 Responses to “Broadcom”


By Sramana Mitra on April 23rd, 2008 at 9:58 am

So, is Broadcom a bargain right now? Have a look at this valuation analysis …
http://sramanamitra.com/2008/02/29/broadcom-valuation/

By Steve A on April 27th, 2008 at 12:50 pm

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.

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