Avago: Business As Usual
Avago provided generally bullish commentary on the business environment including China. The actual news didn't warrant the $50 collapse seen in the stock before the recent rally. The stock is exceptionally cheap even with the merger synergies with Broadcom. The recent collapse in the stock of Avago (NASDAQ: AVGO ) would suggest something other than consistent end-user demand. The semiconductor company provides a great view into general demand in the wireless handset and enterprise storage markets with a quarter that ends in July. Not to mention, the guidance factors in actual August demand form a better picture of the market than an email from Tim Cook regarding one particular handset provider for the premium market. Read the full article on Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.