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My dad is on vacation so he asked us to write this for him:
Today my Dad sold LOGI at 15.60...that's a 16% gain over his purchase price of 13.44. That's a 16% gain in only 2 weeks. That's an annualized gain of 416%. Over the same period, the S&P 500 was down 3.5%. $$$MR. MARKET$$$ beats the market again. That's 10 consecutive profitable trades of 15% or better. Can you do that? You? YOU? YOU???
Did you get any LOGI? You? Some? Now? YOU? YOU??
My Dad is superior to all you chumps. Oklahoma State will cover against Oregon. I am reading. Chop Wood. I am HUGE! Loud Noises...I love lamp. Open or close Smelles. $2.50 a soda..you gotta be kidding me. How come Rick sissed in his refrigerator? My dad likes his crackberry. The salsa monster lives in the attic.
$$$MR. MARKET$$$ will be back from vacation soon and will have yet another screaming winner for everyone to participate in....but he will only share it if you tell him how HUGE he is.
Bring him your finest meats and cheeses!
$$$MR. MARKET$$$'s kids
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The second stock I bought is an all time favorite high tech stock that continues to make products that everyone wants, and as a result, continues to be very profitable. However in the Wall Street sell off, it’s stock price got unfairly hammered.
If you can imagine a computer accessory, Logitech probably makes it. With more than 200 products on store shelves all around the world, Logitech rides countless technology trends.
Examples include the rise of online video. Logitech holds a huge lead in Web cam sales. Then there's Internet phone service. Logitech sells the equipment. Or the increasingly common use of the computer to play music, for which Logitech provides speakers. And the popularity of fancy keyboards and mice, where wireless and ergonomic versions are top sellers. Don't forget video game controllers, another Logitech specialty. Or a relatively new offering: Universal remote controls to coordinate the increasingly complex technology in living rooms.
Logitech has been increasing sales, profit margins and earnings at a rapid pace. The reason, ANALysts say, is healthy demand for its new products, which sell for higher prices. Their market cap is over $2 billion dollars. They aren’t going anywhere…and they just shipped their billionth mouse.
Today I bought LOGI at 13.44. I will sell it in 4 – 6 weeks at 15.60. Logitech is a great company that makes great products, but the real reason I bought it is because it is cheap.
LOGI’s stock price is down 57% over the last 52 weeks and 41% over the last 3 months. Remember, this is a high tech company, yet its PE is trading at only 8.25. It’s 5 year average PE is 22..one would think that unless it’s competitive edge erodes, it will once again reach that level of valuation.
Anyway, earnings have grown 61% year on year while revenues have grown 15%. Gross margin is a very healthy 36%. Other useful info:
• ROE is 30%
• ROA is 18.5%
• LOGI has zero long term debt….zero.
The CEO is Gerald Quindlen. He is a Chemical Engineer like me. He worked for an oil company like me and he was my classmate at Wharton. He couldn’t drink like me, but he is a good guy, from what I can remember. This is what old Gerry had to say:
“We are pleased to deliver double-digit revenue growth in what has become an increasingly challenging environment,” said Gerald P. Quindlen, Logitech president and chief executive officer. “The strong growth in Asia and OEM, as well as in pointing devices and Harmony remotes, underscores the resilience of our geographic and category diversification. The decline in our gross margin was primarily due to the combination of higher input costs and the mix between retail and OEM sales.
“Given the pervasive economic uncertainty, both in North America and Europe, we are tempering our outlook for growth for Fiscal 2009. We remain bullish on the opportunities across all our product categories and we believe we are well positioned to return to annual growth in the mid-teens when conditions improve.”
So there you go. The Fed has just cut interest rates again to an all time low. The lighter fluid is being thrown on the smoldering grill over and over and over again. When it ignites, these stocks are gonna be on FIRE!!!!
I bought a dirt cheap industrial company that’s been around for over 50 years and a high tech behemoth for a PE of 8. Wow…talk about Christmas bargains! Ho ho ho!!
Tell me what you think of these two stocks.
I am HUGE!
$$$MR. MARKET$$$
Today my Dad sold LOGI at 15.60...that's a 16% gain over his purchase price of 13.44. That's a 16% gain in only 2 weeks. That's an annualized gain of 416%. Over the same period, the S&P 500 was down 3.5%. $$$MR. MARKET$$$ beats the market again. That's 10 consecutive profitable trades of 15% or better. Can you do that? You? YOU? YOU???
Did you get any LOGI? You? Some? Now? YOU? YOU??
My Dad is superior to all you chumps. Oklahoma State will cover against Oregon. I am reading. Chop Wood. I am HUGE! Loud Noises...I love lamp. Open or close Smelles. $2.50 a soda..you gotta be kidding me. How come Rick sissed in his refrigerator? My dad likes his crackberry. The salsa monster lives in the attic.
$$$MR. MARKET$$$ will be back from vacation soon and will have yet another screaming winner for everyone to participate in....but he will only share it if you tell him how HUGE he is.
Bring him your finest meats and cheeses!
$$$MR. MARKET$$$'s kids
==================================================
The second stock I bought is an all time favorite high tech stock that continues to make products that everyone wants, and as a result, continues to be very profitable. However in the Wall Street sell off, it’s stock price got unfairly hammered.
If you can imagine a computer accessory, Logitech probably makes it. With more than 200 products on store shelves all around the world, Logitech rides countless technology trends.
Examples include the rise of online video. Logitech holds a huge lead in Web cam sales. Then there's Internet phone service. Logitech sells the equipment. Or the increasingly common use of the computer to play music, for which Logitech provides speakers. And the popularity of fancy keyboards and mice, where wireless and ergonomic versions are top sellers. Don't forget video game controllers, another Logitech specialty. Or a relatively new offering: Universal remote controls to coordinate the increasingly complex technology in living rooms.
Logitech has been increasing sales, profit margins and earnings at a rapid pace. The reason, ANALysts say, is healthy demand for its new products, which sell for higher prices. Their market cap is over $2 billion dollars. They aren’t going anywhere…and they just shipped their billionth mouse.
Today I bought LOGI at 13.44. I will sell it in 4 – 6 weeks at 15.60. Logitech is a great company that makes great products, but the real reason I bought it is because it is cheap.
LOGI’s stock price is down 57% over the last 52 weeks and 41% over the last 3 months. Remember, this is a high tech company, yet its PE is trading at only 8.25. It’s 5 year average PE is 22..one would think that unless it’s competitive edge erodes, it will once again reach that level of valuation.
Anyway, earnings have grown 61% year on year while revenues have grown 15%. Gross margin is a very healthy 36%. Other useful info:
• ROE is 30%
• ROA is 18.5%
• LOGI has zero long term debt….zero.
The CEO is Gerald Quindlen. He is a Chemical Engineer like me. He worked for an oil company like me and he was my classmate at Wharton. He couldn’t drink like me, but he is a good guy, from what I can remember. This is what old Gerry had to say:
“We are pleased to deliver double-digit revenue growth in what has become an increasingly challenging environment,” said Gerald P. Quindlen, Logitech president and chief executive officer. “The strong growth in Asia and OEM, as well as in pointing devices and Harmony remotes, underscores the resilience of our geographic and category diversification. The decline in our gross margin was primarily due to the combination of higher input costs and the mix between retail and OEM sales.
“Given the pervasive economic uncertainty, both in North America and Europe, we are tempering our outlook for growth for Fiscal 2009. We remain bullish on the opportunities across all our product categories and we believe we are well positioned to return to annual growth in the mid-teens when conditions improve.”
So there you go. The Fed has just cut interest rates again to an all time low. The lighter fluid is being thrown on the smoldering grill over and over and over again. When it ignites, these stocks are gonna be on FIRE!!!!
I bought a dirt cheap industrial company that’s been around for over 50 years and a high tech behemoth for a PE of 8. Wow…talk about Christmas bargains! Ho ho ho!!
Tell me what you think of these two stocks.
I am HUGE!
$$$MR. MARKET$$$
and thanks MEA for the lessons
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