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Avago: Business As Usual

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  • 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. 


                     

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