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RF Micro Launch Pad Buried In Daily Chart.(THE SMART INVESTOR)(WINNING WAYS)
Byline: KEN HOOVER
An investor prospecting for stocks to buy in the first days of the bull market that started in October 1998 would have been likely to pass over RF Micro Devices if he were looking only at daily charts.
RF Micro Devices' daily chart looked choppy. It didn't seem to form a proper cup-with-handle base. But it was a good base nonetheless. In 72 weeks, the stock ran up 3,424% from its breakout point of 22.25.
The investor who didn't care to sit through a 44% correction could have settled for a 578% gain in six months.
The company makes much sought-after chips for cell phones. Back then, it was about to open a new plant in Greensboro, N.C., that management expected would boost profit margins.
In two previous quarters, earnings per share swung from declines to increases of 25% and 180%. Sales rose the previous four quarters, climbing 33%, 38%, 129% and 243%. The Earnings Per Share Rating was only 68 because the firm was young and just starting to show a profit. The Relative Strength Rating was 97.
A few notable points: The company spent 19.3% of its sales revenue on R&D, which meant it was investing plenty in future growth. Four other stocks in the same industry group had Relative Strength Ratings above 90. RF Micro's P-E ratio was 207, which probably scared away investors who didn't understand the company's potential.
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- Press release article from: Business Wire March 15, 2004 700+ words
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- Press release article from: Business Wire September 17, 1999 700+ words
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- Press release article from: Business Wire September 15, 2003 700+ words
...Industry, 1H 2003 and Beyond" RF Micro Devices, Inc. (Nasdaq: RFMD...Intelligence Center has recognized RF Micro Devices as Taiwan's leading provider...president of wireless products at RF Micro Devices, said, "The report from Market...
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...C., Jan. 17 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. , a leading provider of proprietary radio...ET) on Tuesday, January 24, 2006. About RF Micro Devices RF Micro Devices, Inc., an ISO 9001- and ISO 14001-certified...
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...2004 at 9:00 a.m. Eastern Time RF Micro Devices, Inc. , a leading provider of proprietary...Bob Bruggeworth, president and CEO of RF Micro Devices, and Dean Priddy, CFO of RF Micro Devices. RF Micro Devices currently expects September...