ARMH closed at $26 today and in my opinion this stock is still cheap and should be trading in the mid $40s in the next 6 months.
I would like to see how Artisan Components, which was bought by ARM in 2004 for $1 billion performed in the recent quarter. The unit, which makes the building blocks of integrated circuits, has “underperformed significantly,” says Analyst Mark Davis of stockbrokers Panmure Gordon and is behind where the company once thought it would be. But, he adds, “if that starts to move to profitability over the next 18 months, it could be a good boost for the business.”
A general Caution and Advise --As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!