RF Micro Devices
Jan 24th, 2008 by Shaun Carter
RF Micro Devices has been beaten down horribly during the last month, falling from over $5 per share to $3. The drop is attributed to warnings of slowing growth potential because of the possibility of a global recession and less demand for the company’s specialty radio frequency parts.
RF Micro is announcing earnings on Jan. 31 and I think the stock could surprise to the upside considerably between now and then. The businesses fundamentals are strong and although they may see some sales declines in the immediate future the stock is undervalued and oversold.
I’ve been accumulating at anything around $3 a share and see this as a $5-10 stock over the next 12 months. If the US economy staves off a serious recession and the worldwide economy remains strong, RF Micro could see even stronger growth over the next year or more.
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[...] 26th, 2008 by Shaun Carter RF Micro Devices, a stock I wrote about as a good buy about a month ago, has seen investment interest from a fund controlled by George [...]