March 2, 2009

Atheros Communications- HIdden Gem

As disclosed at the end of this article, Atheros Communications is a MF Hidden Gems selection. This company manufactures semiconductors, which is one of many industries that is not well loved by the market right now. As a result, shares are trading near a 52 week low.

The company reported 4th quarter results at the beginning of February, which included a $4.8 million loss as opposed to a profit a year ago. However, shares increased 6% that day to $12.90 a share since results were not as dire as some analysts were predicting. It appears that "slightly down" is the new up.

With shares near a 52 week low, this may be a good opportunity to get into shares, but be prepared to hold for several years at least.

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