Check out ADI today

Discussion in 'Stocks' started by hajimow, Aug 17, 2010.

  1. hajimow

    hajimow

    The Quarterly numbers will come out AH today. It is supposed to be good in every dimension. Margin, sales, profit and it is supposed to be a record sales in ADI history. After last week selloff and today's good earnings, it will fly. The whole chip sector has good outlook. TXN, LLTC, ADI, ...
    ADI and TXN are buy now.
     
  2. hajimow

    hajimow

    Another interesing thing about ADI:

    In their last 45 years of being in business, they never lost money in any quarter. Always profitable. Over 3.3% dividend.
     
  3. hajimow

    hajimow

    The way it is going, it is quite possible that it may hit 32.5 by this Friday. It might hit 52 weeks high. Will close over 29 today and then will fly AH.
     
  4. hajimow

    hajimow

    It is at 28.78 now. Tomorrow this price will look ridiculous.
     
  5. so you are the one who bought all those ADI calls yesterday
     
  6. hajimow

    hajimow

    I can tell you that I have some positions. I am not that big to buy all those calls. Like 60 calls. I have also sold some naked PUTs. 29 PUTs will expire worthless for sure. I am betting on 30 and 31 PUts expire worthless.
     
  7. hajimow

    hajimow

  8. hajimow

    hajimow

  9. hajimow

    hajimow

    Regarding the outlook for the fourth quarter of fiscal 2010, Mr. Fishman stated, “Looking ahead to the fourth quarter, given our higher opening backlog, we are expecting continued revenue growth. We anticipate that revenue will be in the range of $740 million to $770 million for the fourth quarter. We are planning for our gross margin to be 66% to 67% of sales. We expect that operating expenses will grow, but well below revenue growth. As a result, we anticipate that our operating margin will be in the range of 35% to 36% of sales and earnings per share will be in the range of $0.68 to $0.72.”
     
  10. LEAPup

    LEAPup

    Ok hajimow, you're on. I got filled at 28.87
     
    #10     Aug 17, 2010