Here are the latest additions to the MFI stock universe:
GSI Technology Inc. (GSIT)
Pansoft Company Ltd. (PSOF)
Pervasive Software Inc. (PVSW)
To qualify for the list, a stock must appear for the first time in the past six months in the top 100 for any of the following minimum market cap thresholds: $1MM, $5MM, $10MM, $15MM, $20MM, $25MM, $50MM, $75MM, $100MM, $150MM, $200MM, $250MM, $300MM, $350MM, $400MM, $450MM, $500MM, $600MM, $700MM, $800MM, $900MM, $1B, $1.1B, $1.2B, $1.3B, $1.4B, $1.5B, $1.6B, $1.7B, $1.8B, $1.9B, or $2B. A total of 258 stocks currently meet this criteria.
The outlook for the chip sector keeps crumbling, and the Street keeps bringing down its numbers.
This morning, analysts at both Robert W. Baird and Needham issued highly negative reports on the outlook for the sector. In short, rather than seeing any signs that things might soon get better, or at least bottom, the two firms fear that conditions continue to erode, with no near-term end of the downward slide in sight.
Tristan Gerra, the chip analyst at Robert W. Baird, on Friday downgraded Texas Instruments (TXN) and Analog Devices (ADI) to Underperform from Neutral, while cutting Altera (ALTR
All of the Investment Directors at Vestibula have unique attributes to our portfolio management and research strategies which allow us to offer characteristics which will be attractive to certain sets of investors. My own philosophy is to look for undervalued stocks which are typically underfollowed (many of the stocks I own have either no analyst coverage or are covered by one of two analysts) and which have some type of catalyst for value realization over the next 12-24 months. Below, I have highlighted two examples of companies in the portfolio which follow the above criteria.
GSI Technology, Inc. (GSIT), a provider of static random access memory (SRAM) products used in telecommunications equipment, released Q1 2009 financial results today after the close. Revenues were $17.3 million, an increase of 53% year over year. Net income increased 173% to $3.0 million, or 11 cents per share, compared to $1.1 million or 4 cents per share last year. Analysts expected earnings of 7 cents per share on revenues of $15.3 million.
“In both sales and profitability, we continue to build on the momentum established in prior quarters,” said Lee-Lean Shu, the company’s Chairman
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GSIT
About GSI Technology Inc.
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