EZCH – Not So EZ Year
By Ilene
After a disappointing quarter and some probable tax-selling, EZchip might be a good turnaround for next year.
So I'm thinking we'll sell a stock or two out of Paul's otherwise neglected Virtual Portfolio (check back) and add EZCH.
EZchip is a profitable technology company that is investing in future products, with no debt and $7.63 cash per share. For investors, I think the most important questions are whether (1) the possible tax selling will ever end, (2) the company will grow, and (3) are you willing to wait out the slump while new products get introduced next year?
Look at that chart below. How low do you think EZCH will go? (It has the falling knife look to it, doesn't it?)
Disclaimer: I do not offer investment advice or make any representations as to my knowledge regarding the truth of what I read on Yahoo finance. I am completely unqualified to give recommendations, suggestions, opinions, and anything else that might seem like a smart idea. Do your own research.
If you haven't read the website in the last few months, please note, Paul's virtual put selling portfolio is ending, and we will not be pretend-selling any puts.
