Maxim looks cheap. +3.8% yield, 13 P/E, revenue growth and yield growth. The stock looks down because of the financial restatement (which caused it to get delisted). Should be a short term problem.
MXIM: Maxim Integrated Products Stock Report | Quote & News
I'd guess the stock will stay undervalued until the restatement is done, which the company thinks will be done in the summer (but I wouldn't be surprised it takes them longer). Long term holders shouldn't care. The yield is solid and they have $1 Billion with a 'B' in cash on their balance sheet. For a campany with a market cap of less than $6 Billion that's a lot. Expect a massive buy back after the restatement is done.
Monday, February 4, 2008
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