IB Net Payout Yields Model

Qualcomm: More Upside

Qualcomm easily smashed FQ3 results as the market overlooked Chinese license deals.
The company has more hidden upside in the low-balled FQ4 guidance.
The stock remains incredibly cheap with a large cash balance, solid dividend, and several catalysts for revenue growth.
My investment thesis in Qualcomm (NASDAQ:QCOM) for a while predicted that the market was overplaying the negatives of the Chinese license issues and the impact of losing modem sales to the top smartphone company. The question now is whether the stock remains a buy as Qualcomm surges above $60.
Read the full article on Seeking Alpha. 

Disclosure: Long QCOM. Please read the disclaimer page for more details. 


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