what's the semiconductor company that drake is bullish on?
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Date: May 25th, 2017 3:30 PM Author: Thriller dingle berry
I think AVGO is a $300 stock by the end of the year with little downside. Maybe down to $210 but not after earnings next week.
There are higher risk/reward type plays but AVGO has the best management team in the semiconductor space, multiple product cycle tailwinds in RF and networking chips, a FCF transformation story, the integration of BRCD assets in the July quarter, and will likely double its dividend after the October quarter. It is also trading at 13x earnings vs TXN at 20x
(http://www.autoadmit.com/thread.php?thread_id=3624281&forum_id=2#33394276) |
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